So we discussed yesterday that it looked like the market need to take a breath– hey it did. Last week, at this time, the suggestion was made that perhaps more consolidation should occur– what happen– the market trashed my thoughts with a big move higher. I will submit the same analysis as last Friday, that the move in gas need to continue to test support zones from which to build a base to send prices higher. However, this week there was a slight hedge with some calls– just in case kids want to play.
Major Support: $2.162, $2.089-$2.055, $2.029-$1.937, $1.86, $1.527, Minor Support:$2.377, $2.255, $2.102, $1.975, $1.719 Major Resistance:$2.43-$2.499
