Subdued, but effective, were the slight declines in yesterday’s action. This behavior may continue as the Nat Gas European based platforms declined as well. Why do I bring these platforms into the conversation– was looking at some charts and found some similarities to the British and Dutch products and the U S gas contract. There may be more influence from offshore contracts than historically thought.
Major Support: $2.882, $2.853, $2.789, $2.657-$$2.637 Minor Support:$2.743 Major Resistance: $2.98-$3.05, $3.091, $3.151, $3.24, $3.361-$3.370, Minor Resistance: $2.905, $2.922
