Natural gas has become synonymous with declines over the last year, enough so that it's surprising when the commodity has an up day. And two up days in a row? No, it couldn't happen, could it?
Something must not be right, because natural gas is up 22% over the last two days, gaining 18% yesterday and another 4% today! As shown below, the gains have propelled the commodity above its 50-day moving average. Could it finally be ready to break out of its downtrend? Don't give it the benefit of the doubt. (Click to enlarge)