Action Edges Prices Higher

Daily Continuous

Initial results from the storage report were less than bullish but prices rallied slowly through the day and finished near the highs. The fundamental data shows a hurricane hitting the gulf and demand destruction coming. Not following the supply data, I have been told that the supply disruption has been basically offset by limits in LNG exports. So, not sure why some of the strength during the trade day.

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

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