Natural Gas update January 8, 2015

Natural gas was hit severely last year. Bears want to test the 2012 multiyear low @ $2. Otherwise, a rebound from current levels and a breakout above the February 2014 high @ $6 will create a reverse head and shoulders formation offering upside potential to $10. For the time being we need to respect the trend which is down in all time frames.

Natural Gas chart, monthly candlechart:

Natural Gas(Monthly)20150108143806

Chart courtesy of investing.com. http://investing.com

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