A distinctly negative bias at the end of last week, reversed quickly yesterday based on a significant modification to weather forecasts creating a technical reversal higher. Discuss some of the ramifications in the Weekly section, but the market has now extended the action I expected this week. Still a negative bias but the market will have to take a couple days and trader’s interpretation to gather support for further gains.
Major Support: $3.16-$3.148, $3.136-$3.024, $2.93 Minor Support/Resistance : Major Resistance: $3.372, $3.467, $3.554, $3.787-$3.831, $4.063, $4.086
