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Natural Gas Weakens, Opening Door to Deeper Correction
video Natural gas continues to weaken as it further retraces the prior advance. It was down again today and testing the previous swing low of 2.26 as support. So far it has held up as support but looks like there is a good chance natural gas will correct below it before it is done. That low is also a weekly low therefore a drop below it is more significant than if it was not a weekly low. Today’s analysis uses a 4-Hour chart to better look at the detail of recent price action. chart If it keeps falling natural gas would be next encountering support around the uptrend line. It currently converges with a 78.6% ... (full story)