Natural Gas had another negative day today, but finished it by forming a bullish hammer based off of a bounce from the $4.20 area. Because of this, it looks like the market may want to bounce around in the range of $4.20 and $4.50 as mentioned last week. Look for bullish pressure to build as we almost certainly will do that. The consolidation should remain however, but with a slight bullish bias as long as were are above the $4 mark.
Originally posted here
