Charts

Formed when one day’s high is lower than the next days’ low,chart gaps are a technical feature that garner plenty of marketattention. And the natural gas futures market has had more than itsshare of gaps during the month of April. There are theyet-to-be-filled daily continuation chart gaps at $2.90-92 and$3.03-045 as well as the $3.08-11 gap that was filled in by the Maycontract just prior to its expiry Wednesday. All told, May’s tenureas prompt month could be easily described as tight, choppytechnical trading. Only once during that period did May have adaily trading range that exceeded a dime (April 4).