Continuing its four day losing streak, US Natural Gas further drops by 4.21% to close at $2.44

A quick look at yesterday: NYMEX Gas slid down from $2.54 to $2.44 per MMBtu, taking a 10.7 cents loss (4.21%)

Unemployment Rate in United States fell short of market expectations (3.4) with a reading of 3.6, continuing the decline from the previous figure of 3.4.

On the flip side, United States Non Farm Payrolls beat the 205,000 projections, with 311,000.

Meanwhile, United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 107,100, while the previous figure was 128,800.

Trend-following investors would be interested to note that despite being in the red so far in the current trading session, Natural Gas peaked above its 21 day Simple Moving Average around $2.51 — typically an early indicator of a new bullish trend beginning to emerge. US Natural Gas's notable support and resistance levels: US Natural Gas could begin to recover as it approaches significant support, now 5 cents away from $2.38. Dipping below could be an indication that further losses are ahead.

All in all, the technical analysis suggests Natural Gas has no clear-cut direction.

Though US Natural Gas has been dropping, other Energy have been performing better: Heating Oil is trading around $2.78 after ending yesterday's session at $2.67 (up 4.22% today). Brent Crude Oil climbs 1.4% yesterday and closed at $81.59. Crude Oil is trading around $76.68 after ending yesterday's session at $75.72 (up 1.27% today).

US Natural Gas is now trading 63.54% below its 3-month high of $9.68.