Jan Nat Gas broke its lower channel support at 3.46 but refuses to throw in the towel and selloff despite a broad market selloff in most commodities including Crude. Price needs to 'follow through' to the downside to confirm the breakdown. This price action must be driving the bears on NG crazy. The trend is your friend and NG has been in a downttrend since July 2008 and more recently has been very consistently tracking a perfectly orderly decline tracking the 20ema/50ema and the downtrendline perfectly. But short term price is still capable of a surprise rally even if only a dead cat bounce until there is some follow through down to new lows confirming this June to Dec trend once again after a breakdown of a channel.