Tomorrow at High Noon

Due to the Thanksgiving holiday on Thursday, the natural gas inventory report has been pushed up to tomorrow at 12pm EST. 

We know natty has been a heartbreaker for a while now, with even the profitable counter-trend bounces in 2013 and 2014 been noticeably absent for much of this year. At issue, though, is whether we are near an infection point headed into the winter months. 

We will need to revisit the UNG chart after the report tomorrow. 

But, in the meantime, we have our eyes on GASL, another natural gas ETF, this one triple-levered long and with exposure to exploration firms, too, which distinguishes itself from UNG or UGAZ.

On the daily chart, below, holding well-defined recent low is key, and bears resemblance to other commodity chart like crude, gold, silver, etc.. 

A move back over $16.90 on GASL should unleash a secondary rally off recent lows, albeit with plenty of work needed to confirm a meaningful bottom.