Hope none of you folks got sucked into that concept two days ago that the “rail strike” would impact gas. The strike was never going to happen as all the powers in Washington were going to see to that event did not happening. The market is basically back to where it was before the rail issue surfaced. Prices are dancing around the 50 day SMA, so that will provide no insight on the future movement– I could see declines to $8.00 and can also suggest prices to $8.50 so no unique technical insight here except the seasonal which historically shows a price rally into the Q4.
Major Support: $7.956, $7.55, $7.14, $7.078, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support $8.325, $7.35, $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance:$ $9.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.98
