Prices started rising quickly on the storage release — then promptly ran out of steam. The range for the week is $3.915-$4.205 seems to be holding this week. Fundamental traders tell me that it is hot next week– I am assuming hat has something to do with this weeks rise– how much we will have to see. Still expecting some seasonal weakness but it may not occur until we get closer to Labor Day. What I talked about yesterday, the potential rallies, still exists in this market.
Major Support: $3.87, $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198, Minor Support: $3.821, $3.508-$3.485 Major Resistance:$4.187, $4.238
