Rally Continues But Shows Weakness At the Close

Daily Continuous

Prices continued there gains to test the highs from last November as prices tried to retrace the declines from the late October run. From those gains prices declined and closed just above the Feb high for gas. From here the near term technical data points lean to a slight over bought condition but longer term indications are not at the extreme levels.

Major Support:$5.001, $4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522
Minor Support: $5.063, $5.04, $4.88, $4.60-$4.557
Major Resistance:
$5.572, $5.65, $6.24

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