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What? Prices Decline on Expiration

Spot November

Spot November

Major Support: $2.874, $2.836, $2.762, $2.711, $2.704, $2.654, $2.58, $2.568-$2.522, $2.495

Minor Support: $ $2.938, $2.783, $2.704, $2.695, $2.61

Major Resistance: $3.103, $3.125, $3.183

Minor Resistance: $2.911, $2.934

Storage injections came in below expectations, rallied but did not “take off”.  Momentum indicators showed a slight bearish divergence, perhaps indicating that recent gains need some time to consolidate. Would be patient from the long side and take some small profits on runs from here. Not advocating random selling, but profit taking.

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