Natural Gas Weekly Technical Outlook

Natural gas extended the sideway pattern from 2.443 and spiraled around 55 days EMA. Overall, we'd expect the pattern to extend further in near term. That is, downside attempt should be contained by 2.443 low. Meanwhile, upside attempts should be limited by 38.2% retracement of 4.544 to 2.443 at 3.246.

from Oil N' Gold Focus http://ift.tt/1eS0J2i