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As discussed before, recovery from 3.759 have completed after touching 4 hours 55 EMA. Intraday bias is mildly on the downside for the moment as long as 4.04 minor resistance holds. Break of 3.579 will confirm decline resumption for 61.8% projection of 6.24 to 4.28 from 4.88 at 3.67 next. On the upside, above 4.04 will flip intraday bias back to the upside and suggest that another recovery is underway for 4.38 resistance. Still, upside is expected to be limited below 4.38 resistance to retain the bearish outlook. However, note that a break of 4.38 resistance will be the first signal that Natural gas has bottomed out in short term and will bring stronger rally to 4.88 resistance next.
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