Gearing Up For Storage Report

Daily Continuous

Will be another bearish report for the market but not a surprise as the market sold off last week based upon the weather forecasts and the decline of demand associated with the mild weather. Still looks like the market wants to consolidate between $2.30-$2.60 for the remainder of the Jan contract. One element that may adjust that range is a short covering rally that breaks above to high end of the trading range. Not sure what would prompt that event.

Due to the Christmas Holiday this will be the last Daily until the 27th as I will be traveling. Best wishes to all of you in this coming period.

Major Support:, $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support $2.38-$2.26, $2.17
Major Resistance $2.786-$2.865, $3.00, $3.16, $3.48, $3.536, 3.59
, $3.65