The natural gas market last week broke out above a technical resistance area that has turned the longer term trend back higher.
This resistance was between 4.250-4.300 and was a former trend line support shown on the weekly chart.
This trend line was broken as support last July near the 4.000 level. Once broken, the market fell down to a 3.541 by late-October before rallying back higher.
The rally over the past two weeks has now lifted the market back above former trend line support which is a bullish signal heading into winter.
4.250-4.300 now becomes primary support in upcoming trade basis the spot December 14 contract.
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