Great Test of $9.00 Only To Run Out of Gas

Daily Continuous

The rally ran low before the storage release just below $9.00 and the collapsed after the public release. Found some brief support sending prices back up above $8.70 only to decline through the close. This week will provide some direction as discussed in the Weekly section and perhaps a serious test of support around the earlier low at $8.11 will get tested.

Major Support:$8.283-$8.24, $8.12
Minor Support: $8.065, $7.69,$7.36,
Major Resistance:$8.916, $8.996, $9.60