Natural Gas Daily Chart Has Formed “Falling channel” Pattern

Natural gas daily chart has formed “Falling channel” pattern. The last few sessions ended up in bearish trend along with some corrections inside the channel.

The market is expected to continue on bearish momentum based on the price action, once the same breaks below a key support holding at 146.

The downside rally could be testing all the way through 140 level in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 158 level.

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