Natural Gas Weekly Technical Outlook

Natural gas' recovery was limited at 2.578 and weakened again. It's now back pressing 2.443 support. Based on current momentum, we're holding on to the original view. That is, price actions from 2.443 are forming a sideway consolidation pattern. And strong support should be seen around this level to bring rebound to start the third leg. Above 2.578 resistance will target upper side of the range at 3.105 again. However, sustained break of 2.443 will confirm down trend resumption.