Developing a new word instead of the old range bound that I have been using for the last few month– how about “treading”. Treading up then to tread down only to end up at the same place on the hamster wheel. So here we sit waiting for some key piece of information (likely fundamental) that will lead to some directional bias and volatility. Did I mention the storage report is coming out tomorrow.
Major Support: $3.25, $2.98-$3.03, $2.82-$2.78, $2.74, $2.608, $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $3.16, $2.84, $2.38-$2.26, $2.17 Major Resistance $3.48, $3.536, 3.59, $3.65
