Author: Willis Bennett
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New Prompt — New Range?

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Expiration brought on a slight rally– we will have to wait for any follow through. We are at some lows maybe look to the winter months for long positions or prompt months for short postitions.
Major Support: $3.054-$3.007, $2.97, $2.727, $2.648,
Minor Support : $3.30-$3.26
Major Resistance:$3.25-$3.31,$3.39, $3.62, $4.168, $4.461, $4.501
Weakness Into Expiration Is the Recent Trend
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Going To Keep Testing Lows
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Rebound Off of Support Test

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The declines neglected challenging the key support area and on the storage release rallied over $.10 but gave the gains up during the remaining trade. Still believe that any declines will be rejected at the support lows — that said would not load up on length.
Major Support: $3.054-$3.007, $2.97, $2.727, $2.648,
Minor Support $3.30-$3.26
Major Resistance:$3.16-$3.25, $3.43, $4.168, $4.461, $4.501
Testing the August Contract Lows
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Testing August Low’s
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Continue Lower
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Trade Looks to the Low Side of August Range
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A Brief Test
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