Winter 14-15 Strip
The winter 14-15 natural gas strip (November 14-March 15) has moved back to and slightly above the previous high of 4.182 set earlier in the month.
The strip is showing bullish signals but has yet to decisively breakout to new price highs.
The trend may be ready to turn back lower if recent gains cannot extended in early trade next week.
Similar to the winter strip, the summer 15 strip (April 15-October 15) is showing bullish signals this week after moving above the former 3.899 high set earlier in August.
The summer strip has been in a strong upward trend since last bottoming at a 3.766 low in mid-August which bullishly held above the previous 3.730 low from July.
Failure to rally higher early next week could be a warning of a near term trend turn back lower.
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