Natural gas February although the outlook has turned positive on the breakout, we have become overbought in short-term. Any profit-taking today meets support at 3285/3280 then 3250/45. If however we continue lower look for a good buying opportunity at 3205/3195. A low for the day is expected and we can try longs with a stop below 3165. Just be aware that an unexpected break lower however could target 3125. Try longs here with a stop below 3100.
There is quite strong resistance today from around yesterday's high at 3340 up to 3360. We should struggle here and a high for the day certainly possible but we must be ready to go with a break higher is there is large gap to fill up to 3440/3450. Unlikely we will make it any higher today and it should be worth trying shorts with a stop above 3500.