Natural Gas U.S. Futures ($7.26)

I was looking for gradual accumulation above support in the $6.50 area, and that's exactly what is finally happening. My math models indicate that we are deeply oversold both intermediate and long term. Continued short term base building makes sense, but beyond the short term, the outlook, as I see it, is very favorable.

Natural gas makes abrupt moves in both directions, and it's almost impossible to catch once a move is underway.