Becoming a Smaller Range

Daily Continuous

Compression of the range continues and we all know this is unlikely to continue for very long. Perhaps, with the storage report we will see a breakout or break down to test the support and resistance for a bias play.

Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59

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