Failure At Highs — Consolidation Continues

Daily Continuation

Price action rallied to a higher high only to feel the affect of altitude and retreated back into the comfort zone of the range for June gas. I would think that gas may make another run to the highs but it will need to close above the Moving averages converging just above yesterday’s close (see Daily Chart above) to catch some possible momentum.

Major Support: $2.97, $2.727, $2.648,
Minor Support :
Major Resistance: $3.628, $3.86, $4.168, $4.461, $4.501, $4.551, $4.746-$4.75, $5.03