Price action garnered the power to break below the recent range trade support levels and taking the price down to the highs from late August ($2.743). The release of CFTC data shows the Managed Money short segment adding to their positions through the report date (Nov 24th). Clearly looks like a bearish bias going into the storage report.
Support: $2.61- $2.621, $2.425,$2.373 Minor Support:$2.743 Major Resistance: $2.98-$3.05, $3.091, $3.151, $3.24, Minor Resistance:$2.887
