Discussed in the Weekly Section about the series of high lows defining that a base was building for a future rally. Clearly, with the trade of the last couple of days — some folks don’t like the concept of the lows building a base and want to make sure that the lows are not the low end of the range. Either they push to a lower low or it will find some buying– did I mention the storage report is tomorrow–either way it should be an interesting to witness the outcome.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support: $ Major Resistance $2.543-$2.604, $2.836, $3.00, $3.536, 3.595
