Crude: Now that we’re moving into the real refining season and on to the July contract, things continue to shift. We can rely on the momentum and the turn with the tide. We’re going to start thinking about a recovery period and the upside target now becomes 7000. It may seem like a long way away, but we do have time here. Moving to CLN5 with resistance at 6138, 6255 and 6345. We’ll be careful with support here 5977, 5884, 5766. The front spread moves to NQ with resistance at –18 and +04. Support can get back to –52, -84. We’re getting to that tipping point for Bulls. A weaker start, but we all know a bargain when we see it. Stronger to the close. 

Gasoline: We’re moving along with the RBN5 contract. We’re looking to resistance at 20335, 20515, 20728. That will give us some room to look back down to support at 20145, 19978 and 19775. The front spread moves to N5/Q5. Resistance at 312, 354 and 380. Support to 266, 212 and 186. The RBCL moves to N15 and gets to resistance at 2505, 2555. Support down to 2464, 2412. 

Distillate: We’re playing in the here and now with the HON15 contract. We’re looking at support to 18865, 18677 and 18448. The resistance looks above to 19188, 19364 and 19550. The front spread is in N5/Q5 with resistance at –96, -52. With the way it’s moving we may not see support tested, but looking to –132, -150. The HO crack in N15 sees resistance at 1989, 2024. Support back to 1956, 1910.