Natural Gas very bullish price action.

Bullish price action on natural gas could be explaned by the low oil prices. The market expects that Shale oil production will no longer be profitable @ these price levels. Shale oil also produces a lot of natural gas, which is stored and sold to market. When Shale oil goes offline, so does the natural gas.

~Price might have made a double bottom, waiting for a break and daily close above 2.040 to play the long side.

4-hour Chart