Action declined during the trade yesterday, taking the price down to intermediate support from the 40 wk SMA of March gas ( hard to believe) or just the fact prices went to $4.00. Still think that the market is seeking for near term support levels and perhaps the storage report will provide an indication of a floor. Let the market provide the indications of potential momentum directions — even on the range trade.
Major Support:$4.057-$3.972, $3.734, $3.63, $3.584-$3.522
Minor Support:
Major Resistance: $4.46-$4.48,