Natural Gas Weekly Technical Outlook

Natural gas' rebound from 1.611 short term bottom extended to 1.957 last week but lost momentum after breaching near term channel resistance. Initial bias neutral first and we're expecting another fall ahead. Break of 1.830 minor support will indicate that such corrective rebound is completed and bring retest of 1.611 support first. Though, another rise and break of 1.957 will dampen out bearish view and turn focus to 2.044/315 resistance zone instead.