Discuss the historical aspects of the late June and early July price movements in the Natural Gas market in the Weekly Section– suffice to say — it is a weak period of time historically. Though last week provided a bullish break out — the coming two weeks may challenge that break out. The wild card in all of it, is the attack on Iran which is likely to bring a bid to crude oil and may spill over to the gas market –will have to wait and see.
Major Support: $3.054-$3.007, $2.97, $2.727, $2.648, Minor Support :$3.62, $3.46, $3.30-$3.26 Major Resistance:$4.168, $4.461, $4.501
