Natural Gas Slide
The last leg down from 3.22 (on the roll) is equal to .618 of the 4.08 to 2.69 move that preceded it at 2.36. And on the last little move down from yesterdays highs we have 5=1 at 2.41 .
Retraceing more than .618 of that last leg @2.61 should be a warning of a more significant move. An overlap of 2.74 would have the shorts very nervous and rightly so.