Natural GAS Analysis

Natural gas has broken below the $2.85 level, an area that has shown itself to be important a couple of times in the past. By plunging below the $2.85 level, this does open up more confidence for sellers, as those who are defending the $2.85 area are now finding themselves rapidly underwater.

Natural gas broke key trend support twice this week and the sellers remain in charge. That makes the bottom of a channel the likely target.