Natural Gas Update

Despite the warm weather seen recently in the north-eastern U.S., natural gas prices are following crude oil prices higher on supply concerns.
NYMEX January natural gas futures are closing near $8.865/mmBtu, compared to Tuesday's settlement at $8.559.
Current price action is bringing the February 2006 high at $9.82 back into focus from both a medium and long term perspective.
A daily close above $8.61 would pierce a triple top and affirm an inverted head and shoulders pattern which would favor further gains toward initial $9.48/$9.82