Agree Biren, I think when NG hit $3.60 the MM's priced in a larger draw in combination with this cold weather....Now that the draw was 174 instead of lets say 200 they overshot to the downside IMO and should move it higher ahead of what will be the largest draw in 2 years next week followed by another large draw in 2 weeks.  The forecast will also play into the mix over the next 2 weeks so I see $3.70 as being a strong possibility ahead of next weeks report......
I consider NG to be bullish with higher lows each week......MM's are also surely going to start playing the summer cooling season as soon as late Mar, early April.....