It all makes sense, and I did forget to question Dec. contract, but you answered it !!
Certainly agree with the 3.9 comments.
We'll see !! 3.9 clearly has to hold or all bets are off on this puppy. Maybe we'll wind up in a new sideways trading range 3.9 to 4.13 ish or higher to around the 4.25 resistance you marked.
I am just really curious how this market will unfold going forward.
On the things you don't like to look at ..........
The producers will keep producing just to keep the revenue stream up (and hold price down) or as demand increases going into winter heating season, the price goes up.... OR they are all pretty happy with price about where it is AND it just flounders along !!!!
Producers producing, Consumers consuming, and all are just as happy as a CLAM !!!!