Natural Gas Quant Analysis: 13/Feb/19

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in consolidated retesting near the channel’s support slope line. The market is expected to continue on bullish momentum based on the price action, testing all the way through 195-200 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 183 then in might turn bearish once again. The downside rally could test up to 175 level. Key resistance holds at 200.