The natural gas market broke under another important area of support in last week’s trade.
This support at the 2.750-2.760 level held for almost the entire month of January but was broken last Thursday.
The next downside support shown on the weekly candlestick chart in red now becomes the 2.575 low from August 2012.
Longer term, there is a good chance support levels at the lower-2.000 area will be tested before a final post-winter seasonal low is set in the market.
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