That was interesting — prices showed strength on Monday going into the expiration — only to give it up on Tuesday and showed slight strength yesterday. Can’t call it a well-bid expiration, as prices closed last Friday at $6.828 and expired at $6.868. That is all irrelevant now as Nov takes over as prompt and is facing a large speculative short position, demand destruction from Ian, and potential sabotage on the pipelines from Russia to Germany. Be interesting to watch how this all works out. Forgot to mention another storage report which is going to be bearish (according to my fundamental clients).
Major Support: $6.737-$6.727, $6.519, $6.504, $6.38, $6.02, $5.623, Minor Support $6.42, $5.548, $5.40-$5.45 Major Resistance:$7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.9
