The price action tested the highs from last month again but could not hold the gains. Early last night, prices tested the highs yet again– not sure what is holding the magical number but the results have been consistent whether crude and or Ukrainian rallies or declines (crude declined yesterday). Until the market breaks out (or down below the $4.36-$4.40 area), the trade continues to work the range (selling rallies).
Major Support:$4.38, $4.26, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: Major Resistance: $4.735, $4.825 $4.879, $5.088
