Natural Gas Weekly Technical Outlook

Consolidation from 2.998 is still in progress as sideway trading continued last week. Outlook is unchanged. In case of another fall, 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-2016091133551/