The spread dropped from 230 to 114 and now has been turning higher this evening @ 131.
A heads up, for any real movement in Price to the upside the spread will need to continue widening throughout the overnight session.
Spot closed today @ $3.210 for Natural Gas, Henry Hub-I.
Natural Gas, Marcellus NE PA, $ per MMBtu-I @ $2.850
Natural Gas, Haynesville N. LA, $ per MMBtu-I @ $3.060
A clear convergence for CASH & FUTURES