Natural Gas Quant Analysis: 07/03/19

Natural gas daily chart formed “Falling wedge” pattern. The last session ended up in bearish trend retesting near the channel,s resistance slope line. The market is expected to continue on bearish momentum based on the price action, testing all the way through 195-190 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 204 then it might turn bullish once again. The upside rally could test up to 210-215 level. Key support holds at 190.