Weakening Natural Gas

MNG1!

• Price is still well within it's high time frame downtrend.
  
• Still within an expanding pattern, Refer to my previous post.
  
• As noted a week ago, the recent rally is reaching exhaustion.
  
• This is made apparent by the recent rising wedge that has formed.
  
• Higher lows are increasing at a faster rate than higher highs.
  
• Measured moved is roughly 5.4% decline from break.