Not a week goes bye where I don’t hear a rumor about the busts in the weather models (both European and American models)– I just don’t know how you fundamental folks deal with it. To me, the market is consolidating the gains from the gap open and should retest the low side of the gap. Does it break down, or does it rebound — anyone’s guess– but the results will be important for near term direction.
Support: $2.373, $2.255-$2.176 Minor Support:$2.547, $2.483, $2.162 Major Resistance: $2.74-$2.789, $2.98-$3.05, Minor Resistance: $2.806
