Price action was somewhat subdued during the trade day, extending Monday’s gains but I am startled to see the late action extend prices even higher. My fundamental friends will tell me that the forecast showed some cooler weather in either the long term or immediate forecasts, which is fine — I am just going to mention that prices are now starting to challenge the high end of the range (continuous chart above) from September’s trade. Will wait to see how this adventure turns out before calling the bias.
Major Support: $3.06, $3.00-$2.97, $2.843, $2.727, $2.648 Minor Support : $3.16 Major Resistance: $3.39, $3.62, $3.80-$3.85, $4.168, $4.461,
