While I'd be shocked if Monday's low at 2.608 established the bear-phase low, my analysis suggests that a major low in natural gas is very close at hand.
Based on my pattern work, I'm looking for one more decline that marginally violates 2.608 -- into the 2.60-2.54 target zone prior to a powerful, conspicuous upside reversal that signals downside exhaustion in natural gas.
At this juncture, only a sustained climb above 2.96-3.00 resistance before a press to new lows will indicate that the low has already set in.