Was beginning to wonder if the market was suffering from “buy the rumor sell the fact” as prices could not gain any traction. Yesterday, and early trade today has confirmed that the cold weather patterns will have an impact on demand. Now the question remains does the fundamental data points have the strength to trade above and CLOSE above major resistance between $3.00 and $3.05. If we get the same decline at resistance on the close that we witnessed twice before then nothing has changed and the market remains range bound near term. Otherwise it gets interesting.
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, $3.108 Minor Resistance:
