Prices rallied on the expectation of a substantial with drawl from storage last week. Some analysts are stating that the report will likely take inventories from a surplus to a deficit against the 5 year average. Perhaps folks bought into the report — now the question will be is there further buying to be had after the release. The range has not change for the Feb contract.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112, Minor Support : $3.39-$3.31, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856 Major Resistance: $3.829, $3.92, $4.00, $4.201, $4.378-$4.394, $4.461, $4.75
