Closing the week below the trend line from the May lows, suggest that trade will be opening the week lower when trade resumes. this week. …but also note the 50 – day SMA just below), that prompt gas will be offered lower when trading resumes likely testing and breaking the 50 day SMA. There is significant definable continuation support below the 50 day and the seasonal tendencies during the second and third weeks of June (see Website Longer term) suggests that weakness is likely to be limited. Loosing a dime would keep prices in the same recent range.
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
