Natural gas seems to have completed its retest of the broken wedge support on its hourly time frame, confirming that the selloff is about to gain traction. The Fibonacci extension tool shows the next potential bearish targets. The 38.2% level is at $2.825 near the swing low, which might serve as near-term support. Sustained bearish pressure could take natural gas down to the 50% extension at $2.745 or the 61.8% level at $2.665. From there, the next bearish targets are at the 76.4% Fib extension around $2.570 and the full extension at $2.406. The 100 SMA is below the 200 SMA to confirm that the path of least ... (full story)