The Correction in Natural Gas Looks Complete

Natural Gas has the right look of a price structure that finished a minor pullback this morning, and has launched into a new upmove that should hurdle yesterday's rally high at 5.028, on the way to 5.5-5.20 next.

If such a scenario unfolds, then it will be the behavior around 5.15-5.20 that will provide clues as to whether or not Natural Gas is in a new, powerful upleg, or in a recovery rally within a larger, still dominant corrective process off of its Feb 5 high at 5.737.

For the time being, so far so good.