Major Support: $2.212-$2.207, $2.185,$2.12, $2.029 Minor Support: $2.158 Major Resistance: $2.437, $2.48-$2.52, $2.716-$2.755, $2.884-$2.908, $2.984
For some reason, that I have no clue of, Natural Gas is uncomfortable with gaps which why the gap to the high side is so critical. The gap at the beginning of the week has now been filled (little surprise) what will be more interesting is how the trade responds. I would expect some slight further extension, but there was not the short covering response I would of expected. Have little clue what fundamental reason is for the support this week but I have commented on the gaps on Monday depending on weather. If you are a seller let the folk tell you where they are going to take the trade and have some stops for Monday. If you are a buyer, be careful of the bearish market in general. Did I mention it is Friday the 13th.
