Prices are now sitting near historically supportive levels and bullishly above the 200 week , with the 50 curling up.
A closer look at the 4hr chart shows prices are coiling up with the in buying territory.
Targets 2.8 to 3.08
Longer term we can also see the Winter contracts are consolidating at the and the next targets would be the 61.8% and possibly the 78% level. Remember, December has been a "warmer than normal" month the last couple years so if this repeats there should be a nice pullback to take advantage of next month.
1. Support at one of the fib levels
2. RSI dropping to the lower bound