HENRY HUB TECHS: (V6) Bull Reversal
* RES 4: $3.420 - High Jun 1 * RES 3: $3.343 - 38.2% retracement of the Jan 30 - Aug 7 bear leg * RES 2: $3.235 - High Jul 8 * RES 1: $3.085 - 23.6% retracement of the Jan 30 - Aug 7 bear leg * PRICE: $3.028 @ 14:10 BST Sep 23 * SUP 1: $2.817 - Low Sep 22 and a key near-term support * SUP 2: $2.753/668 - Low Sep 9 / Low Aug 7 and the bear trigger * SUP 3: $2.600 - Round number support * SUP 4: $2.564 - 1.382 proj of the Jan 30 - Feb 26 - Mar 9 price swing A strong rally in Henry Hub futures yesterday highlights a clear break of; a trendline resistance drawn from the Mar 9 high, currently at 2.828, and the 50-day EMA, at 2.909. The clear break of both hurdles signals a stronger bull cycle and a reversal. Sights are on 3.085, a Fibonacci retracement. Initial key support to watch lies at 2.817, the Sep 22 low. A break of this level would instead signal a bear reversal.