Nat Gas has had another bearish day on Thursday, confirming the range that we now find ourselves in. The range between the 3.80 and 4.00 marks appears to be quite strong as we decide which direction to head in the future.
Any breaks below the 3.80 mark would signal new bearishness, as the commodity has been decidedly bearish for a few years now. This is the most likely path. In the event of a break above $4, the commodity could see $4.20 before a return to lower levels. As it stands, rallies are to be sold.
