Prices are not going to $2.00 (at least not in this decline) as the usual suspects of sellers dwindled as prices challenged $2.20. In yesterday’s consolidation trade the gap from earlier in the week was closed and prices extended up another dime. Now we have a storage report and the price remains in the middle of the current near term.
Major Support:, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.47, $2.38-$2.26, $2.17 Major Resistance $3.00, $3.16, $3.48, $3.536, 3.59, $3.65
