Natural Gas Weekly Technical Outlook

A short term top was formed at 3.366 on bearish divergence condition in daily MACD, ahead of 3.476 fibonacci level. Natural gas is turning into sideway consolidation in near term. Downside attempts should be contained by 50% retracement of 1.611 to 3.366 at 2.489. We'd expect rise from 1.611 to resume after the consolidation completes.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016110633799/