Natural gas markets had another negative week these past 5 trading sessions, but remains in the consolidation range that it has been in for a few weeks now. The $4 level seems to be the “ceiling”, and the $3.75 level seems to be the “floor”. Because we are so close to $3.75, we don’t want to sell yet. Rather, we would prefer to sell on a bounce or a daily close below the $3.75 support area. We have been doing quite well selling this market, and even though the traditionally strong US winter season is approaching, there is simply far too much supply to think that any meaningful rally will be likely.
