Prices just melted down quietly yesterday in front of the storage report this morning. Not sure that the report will have a serious directional impact — but you never know. Teased you earlier this week on some observations regarding the price action, volume and volatility and will likely be publishing those comment on Friday for your digestion over the weekend. With Easter upon us, this will be my last Daily until after the Holiday.
Support: $2.422-$2.414, $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