The 60 minute chart for the December 15 natural gas contract shows the bearish triangle pattern that was triggered today on the chart.
A downside breakout under lower triangle trend line support near 2.320 today has initiated the pattern.
The initial downside objective is for trade down to the 2.234 low with a longer term downside objective for trade down to the 2.100 level.
The pattern will remain viable as long as the December contract holds below lower trend line support.
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