The natural gas markets have been fairly choppy in the early hours on Friday after that significant breakout to the upside on Thursday. At this point, I think it's probably an argument of whether or not we need to digest the gains, but it certainly looks like a market that is trying to do everything it can to at least think about breaking higher.
The $3.40 level below was a significant barrier, so breaking above there, of course, is a big deal and in this environment, I think short-term pull banks continue to be buying opportunities. As the temperatures in the United States remain cold, this time of year is one of the best times of year to own the natural gas market.