This week’s release of data is likely one of the last reports that will not have the effects of heat in TX, OK and the southern regions as temps head higher into the late spring and summer months. The timing, from a technical perspective, is very good as the market seems to be consolidating the gains from the end of April and should test the area from $2.12-$2.00, confirming the base zone.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312 Minor Support : $2.12, $2.00, $1.967- $1.94 Major Resistance: $2.168-$2.411 (gap), $2.26
