The breakdown to the 200 day (several other moving averages- see Weekly section) has created a regression to the mean and now expect another probe down (or two) but there are several support areas provided by the moving averages that should limit further declines. Discussed the expansion of premium afforded the November contract in the Weekly section. Expect the October contract to recover some of the losses from last week during trade this week. After the October contract expires, November may well feel some of the pressure that October endured last week.
Major Support: $1.974, $1.944-$1.924 Minor Support: $1.864 Major Resistance: $2.162-$2.18, $2.275 Minor Resistance:$2.37
