March natural gas futures slipped under $4/MMBtu today -- the lowest level in nearly two months -- as weather forecasts calling for warmer-than-normal weather trumped a massive draw down in natural gas inventories.

摘要

Based on today's weak close, March gas looks poised to test the lower $3.90s or quite possibly uber-support in the $3.80s. However, gas futures have become technically oversold, increasing the chances of a short-term rebound.