Declines Continue Below Trend Line

Daily Continuous

Price action sent prices below the trend line but the market close above it at the end. That trend line may not hold the declines associated with annual post Thanksgiving weakness. It does not look like a major melt down with this move but with Natural Gas you never know. Would expect some support during the coming week, but keep the stops tight if you are adding length. Bears play your game– but suggest some profit taking.

Major Support: $6.716, $6.547-$6.50, $6.456, $5.72, $5.61-$5.44, $4.716, $4.705-$4.68
Minor Support: $5.47
Major Resistance: $7.19-$7.221, $7.498, $7.532, $7.71-7.75, 8.021,

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