Seen This Movie Before

Daily Continuation

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

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