Daily Continuous
Mentioned in the Weekly section: … eight contract months that have gone to settlement so far in ’24 three have traded pre expiration highs on or after the 22nd. May fell hard during its last three days, August for five straight days the others had variations of weakness and timing, Once it became evident that expiring contracts were being “amply offered”…five of the eight have traded contract lows on the day they went to settlement. Have mentioned it before that, a change in that pattern would indicate a change in the character of the gas market. This week we will find out whether that change has occurred.
How do you say the rubber will be meeting the road this week. Be interesting to watch after the gains of yesterday.
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