What do you want me to say except “Range Trade”. Yesterday I wrote that prices rallied well above $2.70 only to retrace and yesterday prices rallied just below $2.60 only to correct and retrace most of those losses. Guess the storage report was neutral. If you are day trading this market— sell the rallies above the $2.70 and buy dips into the low $2.60’s– I am selling premium and going skiing.
Support: $2.373–$2.356,$2.255-$2.176 Minor Support: $2.483, $2.162 Major Resistance: $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance: $2.806
