Nearest natural futures prices peaked on December 13, 2005 at 15.78, and hit a bear market low on April 19 & 20, 2012 at 1.902, but the dominant longer-term trend remains down.
The April low resides within an 8-month basing-accumulation pattern that has carved out a climb from 1.902 to 3.277, which represents the dominant intermediate-term uptrend. 
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