A Bearish Flag of sorts could be in play here HENRY HUB NATURAL GAS FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:NG1! Repuzel This looks rather interesting. Current level is important and if we break below it, we may see a significant drop fairly quickly. Those Petroleum bankruptcies everyone expected might not even happen. Demand is down, exports are down, oil price is likely to continue upwards, it's summer time with a lot of empty office buildings. I wouldn't be surprised to see Natural Gas at 1,3$ this month even.