FxWirePro: Our bullish call in Natural gas under threat, call revised

Our previous call in natural gas to buy at $2.2/mmbtu is clearly under threat. It's just like we suggested that to remain confirmed over this call, natural gas needed to remain above $2/mmbtu area. Now natural gas, since our call natural gas has dipped below $2 area twice.

The call has yet to reach our stop loss target, however the following is making us concern over this call:

• Natural gas is failing to benefit from weaker Dollar.
• Increase in US natural gas exports haven't picked up much to reduce the spread between US and global prices.
• Winter in northern hemisphere is about to end.
• Despite lower price, US production is strong.

Moreover one of our calculation matrix have started indicating a bearish possibility, which is equally large.

Trade idea 

We would go short over Natural gas at rallies above $2/mmbtu area and at every 10 cents from there with stop loss around 2.3 area, targeting $1.33 and $1.2/mmbtu area.