That is the mantra for the speculators currently– Over-sold ??? Who cares keep selling. Have to admit one element that has been accurate three of the last four weeks is anticipating bearish storage reports beget more selling which has proven profitable on a day basis. Its been the theme for the month of January and Feb started off singing the same tune. These little tendencies are good for a quick position but would never hold over night due to the general over sold bias discussed of late. Did a look into the nature of who (segment) is selling since the Nov highs and hope to share with you over the weekend.
Major Support: 2.68, $2.533, $2.422, $2.238 Minor Support: Major Resistance$3.536, 3.595, $3.63, $3.789, $4.128, $4.22-$4.39, $4.75-$4.825, $4.948
