Storage Can’t Induce Volatility

Daily Continuous

A bullish injection report sent prices to the high of the day only to spend the rest of the trade day declining back to where they started. Perhaps it consolidates for a while but the same result as the range trade between $2.70-$3.00 last month will likely end in a similar result–question is outcome a higher break out or a retest of the $3.00 break out area.

Major Support: $2.608, $2.47, $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support $3.04-$3.028, $2.84, $2.38-$2.26, $2.17
Major Resistance $3.42-$3.48, $3.536, 3.59

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