Natural Gas Weekly Technical Outlook

Natural gas engaged in consolidation most of the week last week but rally resumed towards this end. Initial bias stays on the upside this week for 161.8% projection of 1.611 to 2.195 from 1.909 at 2.854 next. On the downside, break of 2.451 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016061833143/