Chart Book | Chart of the day: Natural gas bursts higher

Sick and tired of repeated articles touting the problems and causes of cheaper crude oil, front month natural gas futures prices are a cause for alarm. Having gapped up to a key resistance and watershed level at US$4.50 this week, adding a whopping 33 per cent to their original value, what's cheap here? More alarming still is another polar vortex hovering around the east coast of North America, as it did in the first quarter of 2014 - and we know what happened to US economic growth then. There is the potential for another one now, where a sustained break above first resistance could cause a surge towards US$6, and who knows with what economic consequences.