CHK is getting interesting again

The decline in NatGas and CHK is getting me interested in playing NatGas again. Because of the abundant supply of NatGas I, like every other player, thinks the price of the commodity will remain suppressed. This signals a trading range, and when the price is at its low-end, I get interested.

Here is the set up for NatGas:

The price can very well go below 4, especially as the summer comes to an end (ie no ACs turned on, so less electricity needed, so less NatGas used). But as it approaches the upward sloping line, it gets very interesting for an initial entry. (I like playing NatGas through CHK.)

A look at CHK suggests a potential drop breaching 20, and that is when I will enter.