"Natural Gas Prices Plummet as Support Levels are Tested, Bearish Pressure Persists"

Natural gas prices are facing bearish pressure as they weaken and breach key support levels, including the 200-Day EMA and the 61.8% retracement. The prices are expected to test lower support levels around 3.04, including the 50-Day EMA and the 78.6% Fibonacci retracement. However, if a bullish reversal occurs from these support levels, higher targets around 3.76 to 3.86 may be reached, including the completion of a rising ABCD pattern and the 23.6% Fibonacci retracement of the prior downtrend.