Investing.com — Is natural gas returning to $3 anytime soon? That seems to be the question on the minds of almost everyone in this market though it may not be articulated as much, with the heating fuel posting another spectacular double-digit weekly loss after appearing to be on a higher trajectory just last week.

The most-active April gas contract on the New York Mercantile Exchange’s Henry Hub settled Friday’s trade at $2.43 per mmBtu, or metric million British thermal units, down 11.3 cents, or 4.3%.

But like a curse to the bulls, this week’s weather models were back to pointing at higher temperatures, triggering another market crash that proved the rally of the past two weeks to be nothing more than a “dead cat bounce.”

Charts for April gas suggest that the path of least resistance is lower, says Sunil Kumar Dixit, chief technical strategist at SKCharting.com.