Natural gas bounce goes into reverse
The natural gas rally here ran out of steam at 2300, and the price has slipped back from the highs for the time being.
A lower high might be indicated should the price drop back below 2200, and this could then put the recent lows back in prospect.
On the upside, a close back above 2300 could put the buyers in charge once more. This then targets the 200-day SMA, followed up by the 9 July high at 2454.
