FXStreet notes that the price of natural gas has experienced a brief pause within its relentless up move after facing interim resistance at 5.65 earlier this week. Strategists at Société Générale suggests that the next targets are located at 5.91 and 6.11/6.18.

“Daily MACD histogram is at a record high which denotes the move is a bit stretched and phase of consolidation can’t be ruled out.”

“First layer of support is at the daily Tenkan line near 5.06. Only a break below this will indicate an extended pullback.” 

“Beyond 5.65, next projections are located at 5.91 and 6.11/6.18."