The storage report supplied some juice to the trade as we got a $.122 range in volatility yesterday. Guesses are that surprised some of the fundamental trade folks. Volume was slightly higher but nothing significant– so now the market is signalling more gains (not sure what data point will drive it) and we will have to watch where this rally subsides as it will likely be the initial resistance for the next month as well.
Support: $2.52, $2.422-$2.414, $2.373–$2.356,$2.255-$2.176 Minor Support: $2.694, $2.483, $2.162 Major Resistance: $2.713-$2.72, $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance:$2.806
