RE: Impatient......I'd wait a while first.
September Henry natural gas was lower overnight and trading below the 20-day moving average crossing at 3.676. Stochastics and the RSI are turning bearish hinting that a short-term top might be in or is near. Closes below the 20-day moving average crossing at 3.676 would temper the near- term friendly outlook in the market. If September extends the rally off this month's low, the reaction high crossing at 4.261 is the next upside target. First resistance is last Wednesday's high crossing at 4.045. Second resistance is the reaction high crossing at 4.261. First support is Tuesday's low crossing at 3.608. Second support is this month's low crossing at 3.366