Now that I've saved this chart and can't avoid coming across it as I scroll through my chart symbols I guess I might as well post it. May FC broke to new contract lows being 147.50 which failed to hold as support. Note with this breakdown this price level is now price resistance with price spinning its wheels underneath.. While the chart is still a bear in all time frames a break above 147.50 could see price rally to 150 price resistance or even the downtrendline as it continues to fall. Just don't hold your breath for it.........................

Seasonal trends show a major low in the late Feb to late March time frame before price picks up in April and beyond.