Daily Continuous
Was going to send out a Daily yesterday before I remembered it was a Holiday– glad I didn’t as I would of missed the additional $.14 decline that sent price down to a key medium support zones: the September low of November gas, $2.439; 38.2% retracement of the rally from the August low and 50% retracement of the rally from the April low, $2.432 –$2.438; the continuation 20 – week SMA, $2.418. That will provide significant support for prices in the near term. The upside remains $2.68-$3.00.
Major Support:, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605
Minor Support : $2.507-$2.44, $1.856,$1.89-$1.856
Major Resistance: $3.00, $3.16