Prices started with the September contract weak on the open as prompt. Sourcing the reason for the weakness leads to total confusion. Fact is, price seem to want to test support– whether that takes prices down to $7.75 or lower may be defined in the coming period.
Major Support:$8.02, $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: $8.95, $8.996-$9.057
