Was somewhat startled to see the rally on expiration– almost brought back memories of 2022 expiration’s. The rally to the close up to $3.109 but the March contract was left for dead $.25 lower. Now the market opens on Sunday night and prices are wanting to extend the declines to yet a lower low. Will not say that won’t happen, as natural gas always goes to extremes both up and down. Go into a lot of the technical considerations on the Weekly section– but due to the current condition of the bias would not be adding to bearish positions except on rallies back above $3.00.
Major Support: $2.761, 2.68, $2.533, $2.422, $2.238 Minor Support: Major Resistance$3.536, 3.595, $3.63, $3.789, $4.128, $4.22-$4.39, $4.75-$4.825, $4.948
