Natural gas seems to be finding support near the ascending trend line on its hourly time frame and is setting its sights on the upside targets marked by the Fibonacci extension tool. The 38.2% Fib is close by at $2.961, then the 50% level lines up with the swing high at $3.045. Stronger bullish momentum could take natural gas up to the 61.8% extension at $3.129 or the 76.4% level at $3.233. The full extension is at $3.400. The 100 SMA is above the 200 SMA to confirm that the path of least resistance is to the upside or that the climb is more likely to gain traction than to reverse. The 100 SMA lines up with the trend ... (full story)