Of course the rally could even continue through the intermediate-term resistance into a sustained summer rally, and even beyond.

FORBES: Has The Market Lost That Oversold Feeling?

Or will it continue, as did the last short-term oversold rally, until the indexes again reach the resistance at their intermediate-term 20-week moving averages?

FORBES: Has The Market Lost That Oversold Feeling?

If I am correct, further commodity price gains may run into resistance in the short to intermediate-term timeframe.

FORBES: After The Gold Rush -- Commodities Prices: Why So High?

It has now triggered a buy signal on our intermediate-term technical indicators, and has broken out above the resistance at its 20-week m.a. for the first time since it topped out in 2008.

FORBES: Technical Picture Looks Pretty For Natural Gas

But a situation is also in place that might have intermediate-term implications, thus making how the market deals with the short-term support and resistance levels more important.

FORBES: Sentiment Seems Excessively Bullish, Watch The Stock Charts

There is a strong line of resistance up around 14, which could be tested as early as Thursday, but on an intermediate-term basis, look for something in the mid-to-high teens on this one.

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