That is how natural gas likes to eliminate support zones — wait for the weekend and open below the support zone and force a daily and weekly gap in the charts. So it goes when trading gas — we now know the upper boundary for resistance near term and that would be the gap. The support goes back to last summer/spring as prices consolidated for a week around $3.584-$3.522. The market has entered over sold category but we saw that it can stay in the extreme zone last fall as prices were over-bought.
