Prices advanced the declines – testing the support trend line from the Dec lows and the July lows before finding a bid. Now the market needs to confirm the lows and the declines after the storage report that is released tomorrow. It may confirm the from selling rallies to buying the dips (this started with the breakout above $6.45). Keep stops tight if entering length or selling into the new range.
Major Support:$7.00- $6.93, $6.45, $5.72, $5.61-$5.44, $4.716, $4.705-$4.68 Minor Support: $5.47 Major Resistance: $7.532, $7.71-7.75, 8.021,
