Flipped the price chart over to the Oct contract for the continuous chart. The declines that were expected are occurring but would expect more to close the premium between the Oct and Sept contracts. Prices will all depend on the situation / positions during the expiration process. The fundamental trade will continue to struggle between the ending inventory levels and the current storage levels (projected forward) that is why I will let the fundamental folks define the technical behavior.
Major Support: $2.162, $2.089-$2.055, $2.029-$1.937, $1.86, $1.527, Minor Support:$$2.499-$2.43, 2.377, $2.255, $2.102, $1.975, $1.719 Major Resistance:$2.51-$2.54, $2.588, $2.709
