Natural Gas - 4 hourly

Natural gas continues to trade within the upside range with further support.

Natural gas continues to trade within the upside range with further support below. RSI currently reads 55 with MACD just turning positive suggesting a slightly bullish bias - but risks do weigh. Support for natural gas sits at $2.300 (100 SMA & Trendline support). A breakdown here would give a more rangebound neutral stance with further support at $2.06 which would be the technical major support right now. Towards the upside, resistance for gas sits at $2.457 followed by $2.504. A break above here could see the commodity aim towards the trendline highs at $2.601 with further extension towards $3.00 in the medium/long term.