-
Natural Gas Faces Critical Support at 2.14: Will It Hold or Extend the Downtrend?
video Natural gas falls to its lower trendline to find support at 2.14. So far natural gas has stalled its decline but there are no signs that support will hold and reverse price. Until that happens the correction can be anticipated to continue. Today’s low was not only at support of the uptrend line but also where a falling ABCD pattern completed 78.6% of the CD leg of the decline. This is a Fibonacci ratio and a reversal can sometimes be seen off this level in an ABCD pattern. chart If today’s low is busted the next lower price areas to watch for support include the 100% completion of a falling ABCD pattern ... (full story)