The weekly chart is still very bullish.. Prices have continued to rally after a consolidation at the end of last fall's sell-off. The MACD and RSI are still very positive. The 10 and 20 week SMA are still rising and prices are still above them. In addition, prices are still moving towards the 50 week SMA; crossing same would be another bullish development.
As with the weekly chart, the daily chart is also bullish. The price/SMA alignment is the most bullish possible: prices are above the all the SMAs, all the SMAs are rising and the shorter SMAs are above the longer SMAs. Finally, both the MACD and RSI are rising as well. The only negative on the chart is the RSI has been over 70 a bit of the last few weeks and the MACD is approaching levels where it previously reversed.
Now -- let's take a look at the fundamentals
Oil supply is still above average; but
Gas supply is dropping like a stone. In addition,
Gas demand is rising, leading to
An increase in prices.
