Natural Gas Holding Support, Here Is The Next Likely Move And Trade

Natural gas tagged support at $3.00 and is getting a small bounce. This is the fourth hit of the support trendline. Fourth hits usually get small bounces, with price eventually coming back down and breaking the support trendline.

Probability signals this is likely to happen with natural gas. After a small continued bounce, natural gas is likely to break $3.00. The next level that should give natural gas a significant bounce is $2.63. There is major support at this level. Look for a 20% bounce, should natural gas fall into this level in the coming weeks.