Natural Gas: Latest Weekly Forecast- Drop to $2.60-$2.35

Following seven weeks of relentless selling, Natural Gas has entered extreme oversold conditions on Weekly Charts and either from current lows or a bit lower $2.60 and $2.35, an imminent rebound is very likely to test $3.00 and $3.275 resistance zone.
If buying momentum strengthens above initial resistance zone of $3.00 and $3.275 our next upside Target cum resistance zone would be $3.50 and $3.70 while the rebound will aim for $4.74 as strong supply zone.
In a trending bearish market, sell off can last longer enough that drives away most of the buyers from the arena before actual reversal takes place.