Actually $3.60ish is the support level. Another important factor to take into account is how NG actually dropped 8% in the 2 weeks ahead of the report and then another 5% after the report. Tells me that it is oversold and I expect NG to move back towards the $3.75ish level in the short term. Of course the warmer then expected forecast for the next 4-5 days may play an important role in determining how quickly it will move back to $3.75ish.
I hold HNU and added another 1/3 position yesterday on weakness. Only need HNU to move up 65 cents for green. I think the Jan/Feb contracts will move in tandem towards $3.75 and possibly higher if any further news of cold weather or producers intentions to cut further production.