Natural Gas Quant Analysis: 14/Feb/19

Natural gas daily chart has formed “Falling wedge” pattern. The last few sessions ended up in bearish trend retesting near the channel’s support slope line. The market is expected to continue on bearish momentum based on the price action,once the same breaks below a 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 then the market might retest the same and turn bullish. The upside rally could test up to 190-196 levels. Key resistance holds at 196.