Near Term Support Holds

Daily Continuous

The market provided three tries to break into $2.50’s and failed. Yesterday, it garnered some interest in seeking the high side of the range. Did not hear of any fundamental reason for the gain so I will leave the analysis to if support holds — time to check resistance. Not sure how aggressive this run will be on the heels of the storage report (which has now lost relevance) but may proved some volume for the contract.

Support: $2.61, $2.54, $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