Bearish Storage–Prices Decline–Momentarily

Daily Continuous

Price action confirmed the bearish storage report for a short period of time only to spend the rest of the trade day recovering the declines. Time only profits the option trades as price action plays the range.

Major Support: $3.054-$3.007, $2.97, $2.727, $2.648,
Minor Support :$3.46, $3.30-$3.26
Major Resistance: $3.628, $3.86, $4.168, $4.461, $4.501

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