Prices got a solid bounce on some sort of news (fundamental data points very similar — so I hear) and ran up into the resistance (previous support now is resistance) zone between $2.98-$3.05. From there, prices declined and settled in the middle of the days range. This type of trade should be expected going into the storage data point on Thursday. I am starting to get a weird feeling about this market as everyone is aware of above normal temps for the next two weeks — but prices run up $.16 ?? whats that all about. Guess we will learn in the coming days.
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:
