The price action on Thursday and Friday was just brutal (to the downside) as folks figured out that rail strike was not going to happen and then the bears wanted to punish the rally on Friday. Sure looks like prices are headed to $7.00 but not just yet (perhaps after winter becomes defined). If you want to be long the winter into the Q4 — this gives a great chance to establish positions.
Major Support: $7.55, $7.14, $7.078, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support $7.35, $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance:$8.32, $8.45, $9.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.98
