Natural Gas at historically significant levels.
Updated
All in the video. I'm collecting Nat gas near these levels and I explain why in the video - I hope it's helpful - good luck!
Note
4 hr channel on Nat gas futures. Note
looking better this morning, needs to get over 3 dollars for the majority to notice. Note
horizontal shape looks like a consolidation, a breakdown goes to 2.60 or less, a breakup would be significantly bullish. Note
2.5 area reached. tomorrow is the natural gas report. Important to hold this level. Note
closer view - aa little lower to break the channel would be typical. If they don't back bounce into the channel, it's going lower.Note
If nat gas can back into the channel it's more bullish. EIA numbers today at 1030am. Note
we are holding the channel so far - bulls want to see this hold today, Under 2.5 would be bearish (for me at least) Note
if it's a cup and handle, target is mid 5's on NG Note
nat gas lost 2.50 overnight - bearish. we're at support, but it may go lower. watching for a capitulation move. Note
nat gas back to it's channel, a recapture would be bullish. Note
Gas had a nice run and this looks like the end of the first major retracement. 
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