Not a lot more to say than yesterday’s trade brought about a little different action. Prices have been opening significantly higher in the early trade (guess the folks in Europe and the far East need some more fun beyond their markets) and the gains have been held on to for most of the day. Yesterday, trade bought about a significant reversal that severely reduced the gains. From there, prices rebounded, and left the market with a solid gain. Not sure what all the early morning action is about– except that is when the cash markets across the nation are trading, which may have an influence with some of gulf production down– but now I am going down that ugly fundamental road so I will cease before I show my limitations. Hot hand continues — play on.
Major Support: $4.879, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, $3.722, Minor Support: $4.90, $4.728-$4.70, $4.65 Major Resistance:$5.486, $5.65, $5.93
