Natural Gas looks to be curling up off of this bottoming pattern, and the Ripster Clouds technical tool shows support for a move higher on the daily and weekly charts. If it continues I would be looking for a target of $3.50, which is just below the 34/50 Ripster Cloud on the weekly chart.
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A big breakout move today.
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Moving along nicely now. The $3.50 target may be realized as I expected the move a little sooner, and my EMA cloud system has adjusted lower over that time and I expect the weekly clouds to put up some resistance. $3.25 is my ideal target now.
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Raising the target on this to a clean round $5. Long term hold, but it's really picking up speed now.