As discussed yesterday, a positive run in prices was likely after the test of support. This run should bring us some information as to the interim resistance area and the storage release should be instrumental in leading the developing high end of the near term range. The over-all market is still realizing the demand/supply imbalance for the upcoming winter, however, the forecasts are not yet supporting the runs from late September and October. Stay tuned.
Major Support: $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, Minor Support: $4.728-$4.70, $4.66 Major Resistance:$5.17, $5.275, $5.395, $5.489
