June maintained a slight premium to the expiring May contract, but that premium is likely to eliminated early in June’s life as prompt. The market is developing the Q2 lows and this week will clearly be the first attempt at establishing those lows.
Major Support: $2.640-$2.57 Minor Support/Resistance : $2.87-$2.84,$3.16-$3.148, $3.136, $3.02-$2.97 Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736
