This market behavior is similar to previous weeks as prices rally early in the week only to succumb and decline into the storage report. Is this just a repeat performance or is there a shift in market bias. The next couple of days will likely provides clues– until the definition becomes clearer — play the range and we are nearing the top end of the range.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support: Major Resistance $2.32-$2.41, $2.543-$2.604, $2.836, $3.00, $3.536, 3.595