Natural Gas Weekly Technical Outlook

Natural gas' rally continued last week and took out 161.8% projection of 1.611 to 2.195 from 1.909 at 2.854. There is no clear sign of topping yet. Further rise would be seen to 261.8% projection at 3.438, which is close to long term fibonacci level at 3.476. On the downside, below 2.786 support will indicate short term topping and bring consolidations first.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016070233226/