Here is what i said about natural gas on 6th December. The daily chart is below.
As I expected, the wave (i) of wave 3 might be approaching towards its resistance in the range of 3.782 to 3.934 region. NG did a high of 3.777 and started the correction from just below the region of expected resistance zone for wave (i) of wave 3.
Here is the daily chart. If we simply assume that wave ii is going to be very simple and shows a shallow correction, then it should find support around 38.2% area of previous rally, which sits around 3.307. If it gives way for further correction, then the next support area will be 3.16 followed by 3.00.
Overall outlook is bullish and I expect the rally will resume after a correction in wave (ii) of wave 3
Resistance: 3.600 / 3.777 / 3.934
Support: 3.300 / 3.140 / 2.998