Natural Gas Weekly Technical Outlook

No change in Natural gas's outlook. It continued to struggle to stay above 61.8% retracement of 2.495 to 1.611 at 2.157. As the choppy rebound from 1.611 is seen as a correction, we'll stay cautious on topping and reversal around 2.157. Break of 1.8872 support will now indicate near term reversal and turn outlook bearish for retest on 1.611 low. However, firm break of 2.157 will firstly target 2.495 resistance and secondly, raise the chance of medium term reversal.