Another quiet day with the range staying with in he previous day’s range as the market continues to consolidate. With tomorrow being the end of week, don’t expect any major moves. Seems like the bias is going to shift based upon production (LNG export) news or the forecasts for summer so this could become very interesting as we head into late June. Still near the middle of the long term range (for three months) play accordingly.
Major Support: $1.611-$1.59, $1.555-$1.519 Minor Support: $1.705-$1.649 Major Resistance: $1.90, $1.974, $2.019- $2.029 Minor Resistance: $1.864-$1.896
