Natural Gas Weekly Technical Outlook

Natural gas turned into consolidation after forming a short term top in 3.777. Deeper retreat could be seen but downside should be contained by 55 days EMA (now at 3.096) and bring rise resumption. Break of 3.777 will pave the way to 100% projection of 1.611 to 3.366 from 2.546 at 4.301.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/technical/natural-gas-weekly-technical-outlook-2016121733992/