Natural gas has hit the upper end of a descending channel. A break of the channel to the upside could lead to 3.0 (basis June 2015 CME contract).
The best way to trade this to the short side is to sell short a close below the June CME contract with a stop at today's high.
The way to trade this to the long side is to buy a CLOSE *above* Friday's high with a stop at today's low.
Nigel Bahadur's normal market observations - usually about the US Futures market. Occasionally though, he will express thoughts on individual stocks and FOREX cross rates.