Natural gas has been down with low volumes due to warmer predictions in Feb but expecting a bounce due to a cold wave. Rejection seen on a breakdown now it seems ready to trap shooters at current levels. Buying with a Target of$3.6.
Expecting a rejection at around $3.8. Could see a failed breakout and correct to levels of $3.7 on an intraday level. A close below $3.7 could lead to a meaningful correction of about 10%.
