It was good to see the August contract come back to the July expiration — so we don’t have to discuss that convergence. Now we get a storage number on the heels of a fairly aggressive fundamental demand week according to some of my fundamental traders. Still range trading between $2.47 and $2.80 — so pick your side.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support:$2.47, $2.38-$2.26, $2.17 Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
