Recommended caution on buying into the Monday rally and yesterday proved why. The bull market is likely to continue into Q4 but there will be better buying opportunities in the next couple of weeks. Doubt there is the opportunity for a lower low than the July low for the Q3 low– that said — you never know for sure. Let the next round of fundamental data (storage release) hit the market and observe the markets reaction– as mentioned in the earlier Daily’s.
Major Support:$8.47-$8.40, $7.55, $7.14, $7.078, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support:$9.057, $7.35, $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $9369-$9.419-$9.598, $9.664
