To the up or to the down is the question natural gas has before because this range is going to break. Go into some of the historical trends for the June contract on the Weekly side — but it is starting to look to this trader that the prices are going to do both events (break down and break above) — but just not sure which is first. Don’t see the break down garnering enough momentum below $2.80 (see the expiration range on the May contract) and the break above is going to banging its head at several areas (discussed in Weekly) if it ever breaks above $3.00.
Support: $2.78, $2.71-$2.70, $2.658, $2.52, $2.422-$2.414 Minor Support:$2.876, $2.694, $2.483, $2.162 Major Resistance: $2.98-$3.05, $3.08, $3.12 Minor Resistance:
