After gaining in strength for a couple of days, the action started a “consolidation” process yesterday which could be a signal for additions to the gains later in the month. Can’t say the high end of the range for the Dec contract has been established — but would expect a brief retreat around the storage release and that may provide the indication of the high side of the new range.
Major Support: $3.06, $3.00-$2.97, $2.843, $2.727, $2.648 Minor Support : $4.16, $4.08, $3.16 Major Resistance: $4.373, $4.461,
