Prices held firmish on the close but it also looked like the market is not comfortable being above $7.00. The action held that area for a while yesterday — but then relented and in the post market extended downward and continue to tonight. Technical indications say nothing has changed from yesterday (high side middle of the range). Talking to fundamental traders, cash prices have been firming (not talking CA which has been above $30) of late with the cold weather coming. Will be interesting to see if cash leads the NYMEX which has not been a common occurrence of late.
Major Support: $6.39, $5.61-$5.44, $4.716, $4.705-$4.68 Minor Support: $6.18, $5.47, $5.337 Major Resistance$6.687, $7.038 $7.19-$7.221, $7.42, $7.532, $7.60-7.75, 8.021
