Not much to say about the trade yesterday except that the number forced some shorts to cover– set the high for the day and then wallowed around on light volume. Light volume not surprising going into the holiday week. Looks like folks in the northeast are having troubles leaving for the holiday and judging from the trade — some may be nat gas traders. Speaking of leaving — I will not be providing a Daily on Monday and the next Daily will be on the 5th of July– have a great Independence celebration with your families.
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