Price is currently hovering near the top of the last resistance zone, while the rollover contract has opened slightly below it, signaling a pause after the recent rally.
If price closes below this level, a pullback toward the 3.56 support zone is likely — a healthy retest before the anticipated November weather-driven up move resumes.
Watch the 3.5 -3.6 level closely for signs of buyer re-entry and volume confirmation. A sustained hold there could mark the next leg of the seasonal bullish trend.
If price closes below this level, a pullback toward the 3.56 support zone is likely — a healthy retest before the anticipated November weather-driven up move resumes.
Watch the 3.5 -3.6 level closely for signs of buyer re-entry and volume confirmation. A sustained hold there could mark the next leg of the seasonal bullish trend.
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