The late night declines from Tuesday held all day which signals the weakness to the run early in the week. Prices now sit in the middle of the range developed after the Nov took over as prompt. Do you feel lucky? I have no idea what the storage report will look like – but the market has shown me no substantial support for the short covering rally (early in the week) extending into the future therefore I do not think the declines for the Nov are not over yet.
Major Support: $2.454, $2.392,$2.258-$2.253, $2.219 Minor Support: $2.618, $2.508, $2.339 Major Resistance: $2.789-$2.801,$2.908-$2.928,$2.973-$3.00
