I have been expecting the bears to make a push against the gains and formulate a decline to support– May have been all wrong and the market is consolidating the gains from expiration this week– potentially setting up additional gains. The storage report was bearish (as expected) compared to the averages and last year– but the market hardly flinched. Going to work the support levels for a consolidation phase going into next week – stops tight as not totally committed to the theory.
Major Support: $2.00, $1.795-$1.766 Minor Support: $2.41- $2.34 Major Resistance$2.836, $3.00, $3.536, 3.595
