Kansas City May goes off the board on Monday, so July becomes front month and can sell down to 2.98 before violating downside support on the weekly chart, thirty cents lower for that contract. From a daily perspective, the next downside support is at 3.2475, a gap from the recent swing low. This publication is strictly the opinion of its writer and is intended solely for informative purposes and is not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee on any kind is implied or possible where projections of future conditions are attempted.
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