Natural Gas Quant Analysis: 19/Feb/19

Natural gas daily chart has formed “Falling wedge” pattern. The last few session ended up in sideways trend retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, once the same breaks above a key resistance holding at 192. The upside rally could be testing all the way through 194-198 levels on the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test up to 180 level. Key support holds at 180.