"Analyzing the Continued Downward Slide of Natural Gas Futures"

Natural gas experienced a bearish decline, breaking key support levels and heading towards the 78.6% Fibonacci retracement at 2.48. The bearish momentum was confirmed by a wide-range red candlestick pattern and a weekly bearish reversal, indicating further weakness. The next potential support is at 2.48, followed by a minor swing low around 2.41. While the current outlook for natural gas is bearish, a countertrend move is expected after reaching support levels, with volatility remaining a key factor in price movements.