A solid bounce off of the declines from Monday, but don’t bet your lunch money on it. Skepticism is generated from the seasonal light trade, the gaining in the overseas LNG market, and the fact that the run is contrary to the weather forecasts for the coming two weeks. Enjoy the new year and I will be back with a Daily on Jan 4th.
Support: $2.373, $2.255-$2.176 Minor Support: $2.162 Major Resistance: $2.55, $2.74-$2.789, $2.98-$3.05, Minor Resistance: $2.515