Apologies to all as the server had issues landing the Daily this morning — was going to discuss the close over $4.00 being a solid test of resistance at the January highs but the expectation was for the market was to retrace and set up a test of support around $3.20. Had no clue on this extension up to the January highs (but as of this writing) but seems to be running out of buyers. Will be interesting to observe this closing and the week’s closing as perhaps Nat Gas is joining many of the other commodities in their bullish trends and adventures (many of which are tied to dollar strength). A higher high will suggest such an interpretation.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112, Minor Support : $3.34, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856 Major Resistance: $3.829, $3.92, $4.00, $4.201, $4.369, $4.378-$4.394, $4.461,
