Was beginning to wonder if the market was going to resort to fundamental input or just the attachment to the crude market and the war. Yesterday, the market received reduction of demand forecasts from the various weather services which bought about some selling. Go to see that the market does still follow supply and demand even-though I do not trade on the fundamental data points. It is more likely that the technical data points become more relevant if the market is behaving under “normal” decision making. After failing at resistance (granted a higher high to the recent range), expect prices to come under some additional pressure this week as players sift through the data points.
Major Support:$4.38-$4.26, $4.187$3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $4.60-$4.557 Major Resistance: $4.82-$4.88,$5.08
