Prices opened weaker and extended the losses as the morning advanced, closing just off the lows. This action softened the over bought status discussed in the Daily and Weekly sections yesterday. Lacking any fundamental drama, these declines may challenge the lows from last Thursday ($3.15) before the storage release. The key question will be the gap that was discussed in the Weekly Section.
Major Support: $3.19, $3.101-$3.091, $3.047, $2.907, $2.822 Minor Support:$3.151, $2.98, $2.84 Major Resistance: $3.361-$3.370, $3.423, $3.516
