A crack developed in this recent bull run, as a bullish (so I am told) storage report released and ran prices up only to find sellers during the remainder of the trade day. Have discussed the perils of the light trade and lack of open interest over the last month and yesterday should send a warning flag to the bulls. When prices rally and don’t hold the gains on bullish news — it may be time to re asses.
Major Support:$7.55, $7.14, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support: $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $8.02, $8.176
