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Or Sell the Fact

Daily Continuous

Daily Continuous

Major Support: $2.734-$2.708, $2.693, $2.643, $2.598

Minor Support: $2.778, $2.63

Major Resistance: $2.94, $2.998, $3.002, $3.051, $3.097

Well a record will be broken today as the storage release should be well above 300 but what is interesting is the industry seems to be wrestling with what may be the number for the withdrawal. Not being a fundamental type trader but more of a macro fundamental analyst — who cares whether its 305 or 335 because with the production volumes currently available, ending inventories should end up around 1.4-1.5 TCF (normal weather) at the end of March.  BTW — I did submit to a sobriety check after I looked at the potential for a March INJECTION month— give you some food to research. Other than that, stick to the technical range.

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