Natural Gas Weekly Technical Outlook

Natural gas dipped lower last week and breached 38.2% retracement of 1.909 to 2.998 at 2.582. We'd expect support from current level to bring rebound. Sustained break of 4 hours 55 EMA (now at 1.2669) will target a test on 2.998 resistance first. Though, sustained trading below 2.582 will target 61.8% retracement at 2.325.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016081433424/