Discussed yesterday that the market seemed poised to test the gap from the November contract premium and that test occurred yesterday in a mild form. I have heard from many regarding the winter being over and prices are doomed– my memory reminds me of other Decembers when everyone was convinced winter was “over”. I will en devour to review recent history to establish if this comfort in trade is warranted.
Support: $2.425,$2.373, $2.255-$2.176 Minor Support: $2.162 Major Resistance: $$2.74-$2.789, $2.98-$3.05, Minor Resistance: $2.55, $2.649, $2.798
