Prices traded down slightly in the face of the cold out break coming — which does elicit the comment “if prices don’t go up when the indicators say they should — then they are headed down”. To early to tell with this set up but the fundamental inputs shout for higher prices but perhaps these cries were why we are at the levels now. Time will tell– but the current demand profiles will likely eliminate the surplus of storage in the coming weeks which will force prices to establish a new or the same range for the upcoming spring.
Support: $2.373–$2.356,$2.255-$2.176 Minor Support:$2.806, $2.71, $2.60-$2.554,$2.483, $2.162 Major Resistance: $2.92-$2.997, $2.98-$3.05, Minor Resistance:
