Natural Gas Prices Continue to Rise on Hot Weather Forecasts.

Natural gas has broken out of last week's high and is pushing against resistance from the most recent swing high at 2.685, with a potential to reach its first target zone near the top of the ascending parallel trend channel from 2.77 to 2.83. The 100-Day EMA may act as an area of resistance for this rally, but a decisive daily close above it or the top of the resistance zone at 2.83 could lead to a continuation of the rally into the next higher target zone from around 2.97 to 3.03.