Daily Continuous
Mentioned in a Daily and Weekly when the Iran conflict started that the rally in Natural was linked to Crude and that when Crude corrected – Gas was headed to test mid term support. We got a taste of that last night when Crude fell over $18.00 off the days highs and gas last night corrected back into the short term support zone (down over 4%). Patience here as the market needs to see if the “deal” is actually adhered to or not especially over the next week.
Major Support: $2.87-$2.84, $2.640-$2.57
Minor Support/Resistance : $3.16-$3.148, $3.136, $3.02-$2.97
Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736