Natural Gas Quant Analysis: 11/Feb/19

The natural gas daily chart has formed “Right-angled ascending broadening wedge” pattern. The last few sessions ended up in a bearish trend along with some corrections inside the channel. The market is expected to bearish momentum based on the price action, once the same breaks below key support holding at 182. The downside rally could be testing all the way through 198-195 levels in the upcoming sessions. Alternatively, if the key support holds strong that the market might retest the same and turn bullish once again. The upside rally could test up to 192-200 level. key resistance holds at 200.