Price action continued to strengthen yesterday going into the upcoming storage report. Some of the data behind the release is of interest to this non fundamental trader. While reviewing the last few reports and the data behind the storage injection — I found it odd that the LNG receipts was above last year’s and only 1.5 Bcf/day behind the highs from earlier this year (before the fire). For loosing 2 Bcf/day due to the fire — it seems only a portion is missing from demand picture.— Not sure what that is all about but it may have impact on inventories this October.
Major Support: $6.02, $5.623, $5.59-5.572, $5.06 Minor Support: $5.548, $5.40-$5.45 Major Resistance: $6.34-$6.43, $6.587, $6.638
