Natural Gas March contract broke 4900/4890 to bounce almost exactly at our next downside target of 4710/4670. Immediate resistance at 4950/60 today could hold a move higher but a break above 5000 is more positive & could target 5100/10. A high for the day very likely here but shorts need stops above 5170.
Good support at 4735/15 again today but a break below 4650 adds pressure & could target December highs at 4530. Below here is good Fibonacci support at 4435/25 for a buying opportunity.