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Natgas versus Crude Oil *PIC*

A giant declining wedge pattern is evident for this relationship spanning over the last 2 1/2 years. A move with multiple closes above the 200 dma would coincide with a break above the downtrendline going back to the December '08 peak and trigger an upside reversal for this bullish pattern. The ratio is very close to that point now with all the technicals (RSI, MACD, Stochs) having already moved into positive territory. Perhaps June will be the month that NG begins to overtake Crude performance-wise...

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Natgas versus Crude Oil *PIC*