Daily Continuous
The gains posted on Sunday night held but didn’t grow during the trade day. Prices are butting up against near term resistance — but his may also be a consolidation period to send prices higher (cold weather continues the momentum) or for the market correct to test support at $3.00 and set up the Q1 low. The answer will be in the coming seek or so as the ending inventories will provide insight as to the trader’s perspective.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112,
Minor Support : $3.16, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856
Major Resistance: $3.34, $3.39, $3.829, $3.92, $4.00, $4.201, $4.378-$4.394, $4.461,