Natural Gas Weekly Technical Outlook

The failure to break through 2.998 resistance suggests that the consolidation pattern from 2.998 is likely extending. Break of 2.749 minor support will turn bias to the downside. In that case, downside should be contained by 50% retracement of 1.909 to 2.998 at 2.454 and bring rebound. Meanwhile, firm break of 2.998 will extend the larger rally to next fibonacci level 3.476.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016090333515/