Prices went out on the bid yesterday as prices got a boost in the late morning and held through the daily close. Perhaps, some of the strength was due to the big storm on the east coast, I will interpret the behavior as a probe building off of the recent gains. Unless the market has a “knee jerk” reaction that sends prices dramatically higher due to short covering, bullish trends begin with a series of slight gains. Now it will be important to see how the market reacts to the next storage stimulus.
Support: $2.425,$2.373, $2.255-$2.176 Minor Support: $2.596, $2.162 Major Resistance: $$2.74-$2.789, $2.98-$3.05, Minor Resistance: $2.798
