A little confused tonight as the storage report came in bearish to expectations and is likely the first of a few bearish reports but prices started with strength and held on to a chunk of it throughout the day. The bearish traders should be scratching their heads as that was a a set up made for a retest of support. Perhaps we will get it today or early next week. If you are a bear — then this zone $7.00 – $7.10 looks good for positions. If you are a bull wait for a confirming break out above $7.10.. If you are like me (uncommitted), wait for the break out or break down to re-institute positions.
