The low end of the range continues to develop as prices lost another $.30+ and show little signs of stopping. Last week had weakness going into the storage report that everyone knew was going to be bearish and it was so prices rallied. HuH. Have no idea what the expectations are for tomorrow but I can tell you the market seems to be expecting a massive injection, combined with no winter, combined with price caps in Europe — folks we’re headed to $0.00 (pardon my sarcasm but some of my relentless bear traders are convinced). Sell the next rally or buy this dip — just not sure where you want the stops except for the lows from July ($5.35-$5.38).
Major Support: $5.38-$5.35 Minor Support $5.40-$5.45 Major Resistance:$6.314, $6.74, $7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35,
