Two price levels to keep watching this week: 1.38992 and 1.41300.
Another psychological price level to watch is the 1.38000.
If price reaches the supply zone around 1.3899-1.41300, we go short. Wait for bearish evidence before shorting.
If market is able to trade above 1.27 price level, the potential target would be around 1.36 price level.
If market decides to retest the 1.258 price level and closes below it, then expect price to fall down to 1.22530 before reversing back up.
Natural Gas has been in a downtrend for quite some days now and it still gets room to the downside to go short with a potential target around 2.928.
If price tests the demand zone down below at 2.928 and shows some bullish evidence to the upside, next potential targets are: 3.453 and 4.045