RE:RE:RE:Consolidation 15.1I don't see any good coming in the near term
On technical charts, a major double-top pattern (the 2022 highs) triggered at the end of last year points to further downside in natural gas, potentially toward the 2020 low of around 1.45 (see weekly chart). The bearish break was also associated with a fall below a key uptrend line from 2020, confirming that the medium-term uptrend has broken down.
Immediate support is at the end-2020 low of 2.25. However, strong downward momentum on the daily and the weekly charts raises the odds of a fall below 2.25, toward a horizontal trendline from 1999, at about 1.45-1.50.