Natural Gas U.S. Futures ($7.15)

As expected, the Natural Gas price has challenged the $7 area on the short term and poked above its 100 and 200-Day Moving Averages.

On a seasonal basis, there is reason to be optimistic about price prospects for Natural Gas. However on the short term, in spite of its recent spike upward, the over all trading pattern remains sluggish. For now I am satisfied with neutrality for both the short and intermediate term, while keeping a watchful eye for a seasonal indication of strength, should it emerge.