Prices rallied a dime after the storage report was released that basically met expectations. With the selling earlier in the week, it was not surprising to see the short covering when participants did not get the further declines they were expecting. Now the movements have take prices to the high end of the recent range.
Major Support: $1.484-$1.44, $1.336 Minor Support: $1.527 Major Resistance: $ $1.864-$1.896 Minor Resistance:
