Natural gas spot prices fell over the week at most market locations, declining on average 16 cents per million Btu (MMBtu). Decreases ranged between 2 cents and 77 cents per MMBtu. In the few trading locations where prices rose, increases were modest, ranging between 1 and 4 cents per MMBtu. The Henry Hub natural gas spot price fell 10 cents on the week, closing at $4.49 per MMBtu. December future is now trading close to the 100% Fibonacci retracement, $4.40 is a strong support from where the natural gas can raise. Consider to open long position from this area only in case of inverted pattern and growing volumes. The candlestick chart (4hrs - 3 months) shows how the downtrend is approaching the support at $4.40.

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