"Analyzing Natural Gas Trends: Weather Impacts and Price Decline"
Natural gas has experienced a significant decline, breaking below key support levels and indicating a potential retracement towards the next support zone between 2.88 to 2.81. The recent high completed a 51.8% rally, suggesting a deeper retracement or consolidation phase. The 200-Day MA is a crucial trend indicator, and a rejection at this level could maintain a bullish outlook, while a close below it followed by further decline may signal bearish price action.