Ponging

After ping-ponging between support at $6.875 and resistance at $7.19 for the previous seven trading days, May natural gas futures on Friday ended the week’s trading with an escape to the upside. Influenced by the strength in the petroleum complex, the natural gas prompt month peaked at $7.245 in afternoon trading before settling at $7.195, up 16.3 cents on the day and 19.8 cents higher for the week.