As suspected, after the bogus Sunday night open and rally, prices declined to test the support zone that held declines since Feb 15th, trading down to $4.366. The declines occurred on declining volume, which is likely to continue until serious support zones are broken and the longs are forced to cover. The market is starting to head into a historically positive time of the year (2nd quarter high) which may limit the declines in total but keep the eyes on the summer differed contracts as they may hold the keys to support.
Major Support:$4.38, $4.26, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: Major Resistance:$4.664,$4.735, $4.825 $4.879, $5.088
