NATURALGAS has been rapidly moving in a downward direction for a long time within the yellow channel. Not so long ago, we saw the price rebound from the upper bound of this channel, after which the decline was continued.
Most likely, now the bears are heading to the area of the support level of 1.818, which is on the lower bound of the yellow channel. Thus, a rapid downward trend may continue in the near future.
If the bears suddenly lose their strength and bulls take their place, we can see a smooth rise to the area of the level of 2.159, which is on the upper bound of the yellow channel. However, keep in mind that this option is an alternative, so it is shown on the chart as a thin line.
