Natural gas continues to form in a rising triangle pattern with support below.

Natural gas continues to trade in an upward move within a rising triangle pattern. Initial support for natural gas sits at $2.567, a break of this level would mean the triangle pattern will have broken to the downside, with the next level of support at $2.533. A clear break of this level could suggest further downside toward $2.400 followed by the yearly lows at $2.120.

 

Towards the upside, minor resistance sits at the $2.759 cluster followed by upper trendline resistance of $2.96 and $3.00. MACD is currently negative suggesting bearish momentum, however, the gap looks to be closing. RSI currently reads 52 suggesting a neutral stance.