Natural Gas Remains Buoyant After the Weekend

Mike Paulenoff MPtrader

Natural Gas is moving higher, and has taken out its May-July down trendline (3.02), positioning the price structure towards a challenge of the July rally high at 3.05, which, if hurdled and sustained, will leave Natural Gas poised to again confront more significant resistance at 3.10-3.12 atop its June-July accumulation-base type formation.

Author

Mike Paulenoff

MPtrader

Michael Paulenoff has been a student of and a participant in the world financial markets for the past 26 years, since his graduation from the Georgetown University School of Foreign Service in 1979.

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