Bullish price action on natural gas could be explaned by the low oil prices. The market expects that Shale oil production will no longer be profitable @ these price levels. Shale oil also produces a lot of natural gas, which is stored and sold to market. When Shale oil goes offline, so does the natural gas.
~Price might have made a double bottom, waiting for a break and daily close above 2.040 to play the long side.
4-hour Chart
~Price might have made a double bottom, waiting for a break and daily close above 2.040 to play the long side.
4-hour Chart
