May Nat Gas finally cleared the $4.00 mark and has held above that price resistance point and even successfully tested it. Price is overbought and showing a loss of momentum on this latest rally high but as long as price can remain above $4.00 it does bode well for Nat Gas. There are price resistance levels along the way after such a long selloff down and the next significant resistance level is the major breakdown point of $4.92. The May contract has the highest volume but the July contract the highest open interest.