Author: Willis Bennett
Near term Support Fails
Brief Pause
Expiration Just Below $4.00

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The now prompt April contract will likely be me with some softness, continuing the recent trade. The potential exception would be the storage report, should there be a surprise. Short of a surprise, I am expecting a consolidation — low volatility market for the next few days.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112,
Minor Support : $4.00, $3.34, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856
Major Resistance: $4.201, $4.378-$4.394, $4.461,
A Brief(?) Rebound
Expectations of the “Rhyme”
Market Action “Rhymes”
First Indications Rhyming with 2014

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Not expecting the Jan high to be surpassed by the Feb high was using history to our benefit. Go into the recent history in the Weekly section — last week’s events have only happened a handful of times and the results are similar (especially in the last 12 years). Sure to the concepts of the Weekly writing — prices opened significantly lower on Sunday night. Won’t be claiming technical victory (got burned in the phases of the 2014 collapse) but will be watching the price movements closely this week.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112,
Minor Support : $4.16-$4.00, $3.34, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856
Major Resistance: $4.378-$4.394, $4.461,
Buying Dries Up

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The run ran out of steam and retraced after the storage release which I thought was bullish miss. That is why I don’t follow trade on fundamental data. The declines did not break below $4 and now that seems to be support. There are four more trade days in the March contract, and the decline I was expecting (to major support at $3.16) seems unlikely. Should the market remains supported over the next days there may be a new “range” or para-dime in natural gas during 2025. This recent strength should be respected and I will follow up with additional analysis over the weekend.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112,
Minor Support : $3.34, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856
Major Resistance: $4.00, $4.201, $4.378-$4.394, $4.461,