It didn’t take long for the market to rebound and run a little off of last week’s test of support and start to challenge the the near term resistance. Did not expect the run as quick nor as decisive as it was– but here we are. Find it interesting that some of the pundits have started to adjust commentary to more bullish aspects of the market (heat continuing, Russia cutting gas to Europe and storage still at a surplus to averages — now later has become a concern) but if my suspicions are accurate — you will see a test of last months highs coming.
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 $2.754, 2.816-$2.836, $3.00, $3.536, 3.59
