Similar behavior yesterday as the run first thing in the morning started to challenge the resistance around $2.70 only to find consistent pressure for prices. It would seem that the market is determining whether the demand destruction and LNG restrictions due to the storm out weigh the loss of production. Until this struggle gets resolved, the recent range should be expected.
Major Support: $2.376,$2.258-$2.253, $2.219 Minor Support: $2.316 Major Resistance: $2.693-$2.701, $2.723-$2.743, $2.781
