Natural gas has broken the initial downtrend with support, however is still mixed at current levels.

Natural gas continues to consolidate within the $2.10 - $2.20 range for the moment. A breakdown below the green support line could see Natural gas fall to the red support at $2.00. A break here could see gas then aim for its all-time low of $1.50. It is worth noting that RSI isn't oversold yet on the daily, weekly or monthly timeframe so another drop before the upside is possible. Relative to all other commodities however natural gas is incredibly oversold and sitting at near-all-time lows. Towards the upside, initial resistance for gas sits at $2.242 followed by $2.346. If natural gas does break towards the upside, the main resistance is at $2.842 to $3.053 gap fill dating back to early March. This could provide a good risk to reward for traders. This is a highly sensitive risk-on asset though and risk management is important here.