By CommoditiesMansion.com
The $4.20 area that was mentioned as potential support yesterday has proven itself, as this market bounced from that level today. In order to get bearish, we would have to break below the 4 handle, and in order to buy more, we want to see $4.50 get passed by. The President of the United States mentioned several times today that he was anticipating expanding the use of Nat Gas in the US, and as such – could be very bullish for the longer-term as well.
Originally posted here
