Settle At the Initial Resistance

Daily Continuous

The price action reversed to a more bullish bias after the storage data release. Guess they didn’t inject as much as thought. The question now is does the market continue to probe higher levels or retreat back to the comfortable range. Today will likely tell us as the close yesterday left us at the 200 day SMA.

Major Support:, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605
Minor Support : $1.856,$1.89-$1.856
Major Resistance:$2.18, $2.25-$2.310, $2.39, $2.44-$$2.502, $2.618, $3.00, $3.16

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