The reason why I think it will head lower. A) the candle that formed on Dec 4 2012 closed at 3.702 NG the next day NG couldn't break this and only managed 3.700 NG, which for me is sign that it is having troubles moving higher add to that we are now crossing the 50DMA. The trend is in upper channel I'll agrre, but we are moving within the channel and right now I think it will head to the high of the last bull run within the channel which would put us somewhere around 3.284 NG, before we head higher.