As discussed in the Long Term area of the web site, prices are behaving a little differently recently. I would guess there are fundamental reasons for this, though that confuses me as the market is still long storage etc., but there has been a shift in the trade habits lately. Caution though, as it remains in a range environment and should be traded accordingly. It is now approaching serious resistance and this behavior will indicate potential future expectations.
Major Support: $1.527, $1.484-$1.44, $1.336
Minor Support: 1.893- $1.854, $1.719
Major Resistance: $1.924-$1.956, $1.974-$1.976, $1.989