Natural Gas futures continued to creep higher following the plunge into multi-year lows. Autochartist has identified the latest push as a significant retest of key level resistance which may portend a price recovery in the near term. Monday's trading action carried the market above the key level at $2.55 per million BTU with a close near the session highs.

This move exceeds the last two rallies as shown here on the 30-minute candlestick chart, suggesting there is renewed buying interest above these levels and perhaps indicating the longer term lows have now been set. A return back below the key level, which now acts as support, would negate the breakout and imply further trade between the key level and the prior lows near $2.45 may be in store.

Barring a sharp reversal from Monday's highs, the projected price movement is for a continuation of the rally towards the target of $2.59 in Tuesday's session. This move higher is likely to trigger momentum buying, with several bullish natural gas patterns showing up on various time frames within the Autochartist platform. As this market remains extremely cheap relative to the rest of the energy complex, upside potential in the long run remains very strong. For further information on this and other Autochartist products, visit our website at www.autochartist.com

DISCLAIMER: The Autochartist service includes chart pattern identification in respect of foreign currencies, commodities, equities and stocks. There are potential risks relating to investing and trading. You must be aware of such risks and familiarize yourself in regard to such risks and to seek independent advice relating thereto. You should not trade with money that you cannot afford to lose .The Autochartist service and its content should not be construed as a solicitation to invest and/or trade. You should seek independent advice in this regard. Past performance is not indicative of future performance. No representation is being made that any results discussed within the service and its related media content will be achieved. All opinions, news, research, analyses, prices or other information is provided as general market commentary and not as investment advice. Autochartist, MDIO Software, their members, shareholders, employees, agents, representatives and resellers do not warrant the completeness, accuracy or timeliness of the information supplied, and they shall not be liable for any loss or damages, consequential or otherwise, which may arise from the use or reliance of the Autochartist service and its content. This e-mail may contain information that is confidential. If you are not the intended recipient, you must not distribute, copy, circulate or in any other way use or rely on the information contained within the entirety of this email. Please delete the e-mail and any attachments and notify us immediately.