Bias Has Changed

Daily Continuous

Not sure if you caught the theme of the Daily’s last week, but the market seems to be signalling a change in bias. Go into some of the supporting details in the Weekly section, but suffice to say, gas may be heading into a bullish period at a historically bullish season of the year. This does not mean straight up as some of the short covering has already occurred (see Weekly) and the Memorial holiday usually provide some weakness, should you be interested in participating.

Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312
Minor Support : $2.168, $2.12, $2.00, $1.967- $1.94
Major Resistance:
$2.46, $2.67, $2.844

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