While the down side movement has now created “mixed” signals to the bias going forward, the move during March still embraces a more bullish environment for gas prices longer term. As far as April goes this week the headline says it all. The way market has finished the last couple of weeks, does not instill supreme confidence of a rally into the expiration — but rather the opposite.
Major Support: $3.60-$3.584, $3.16-$2.97, $2.727, $2.648, Minor Support : $3.827-$3.801 $3.742 Major Resistance: $4.00, $4.168, $4.461, $4.501, $4.551, $4.746-$4.75, $5.031
