Holiday Trade Coming, Likely Light and Volatile

Daily Continuous

As discussed in the Weekly area, prices continue to use the 20 week SMA as the near term support zone ($2.636 this week) and it is likely that the lows for the Jan contract have been established. Most folks trade on weather forecasts, which I have no clue of, so establish positions at the extremes of support and resistance.

Support: $2.636, $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

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