NYMEX Gas has been up for five days in a row, gaining 13.6 cents to reach $2.68.

After closing the previous trading day at $2.55, NYMEX Natural Gas is up to $2.68 per MMBtu, which makes for a move of 5.34%/13.6 cents today.

New United States Pending Home Sales improved upon the previous 1.1% figure while also exceeding analyst expectations with a reading of 8.1%.

Uptick comes while some more positive signs for Natural Gas are out as data for United States Pending Home Sales published today at 15:00 UTC came out at 8.1%, beating projections of 1% and showing improvement over the preceding figure of 1.1%. United States Core Durable Goods Orders came out at 0.7%, better than analyst estimates of 0.1% and improving upon the previous reading of -0.4%.

At the same time, United States Core Durable Goods Orders published today at 13:30 UTC came out at -4.5%, falling short of the -4% projections and continuing its decline from the previous 5.1% figure.

Concerning technical analysis and more specifically, trend indicators, the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Asset volatility analysis shows that Natural Gas's upper Bollinger Band® is at $2.73, this is a slight indication of a slowdown.

Overall, while US Natural Gas has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

This rally in NYMEX Natural Gas's price coincides with other Energy as having closed the previous session at $2.8, Heating Oil is up 1.36% today to currently trade at around $2.83.

Today's gains are adding to bullish investor sentiment as robust macro data is expected for release later today; United States Consumer Confidence is projected to outperform its last figure with 108.5. It previously stood at 107.1; data will be released tomorrow at 15:00 UTC.

Natural Gas is up 26.14% from the significant low of $2.02 it hit 6 days ago.