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Jan Nat Gas/Testing recent lows *PIC*

Price continues its consistent downtrend selling off to new lows, consolidating at a new lower base and then rallying back to its falling 20ema or downtrendline and selling off again to new lows. Price is now 'testing' its 3.46 channel bottom base line once again. This price must hold as support or the downtrend will continue. Note the RSI 21 has been below its 50 line in bear territory since June just like the Modified MACD has been below its 0 line. So far nothing has changed in the last 6 months regardless of all the news and events. The long term trend has been down since June 2008.

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Jan Nat Gas/Testing recent lows *PIC*