Expiration price movements are always a crap shoot and this one is no different, especially after the last two week’s volatility. The Nov contract responded to the gyrations of October but were not as severe. The declines did test the major support zones two weeks ago but failure there allowed for a rally through the remainder of the week. This area (trend line off of the July low and the September low) should be tested in the early phase of Nov taking over as prompt during the upcoming week.
Major Support: $2.752-$2.729, $2.544, $2.518-$2.496 Minor Support: $2.603 Major Resistance: $2.905, $2.928
