Prices Decline Late Friday Maintaining Losses on Sunday
Daily Continuous
Prices continued lower from the end of Friday on the open Sunday night. There seems to be a mini-range developed between $2.61 and $2.85 for the last few days. Would play that range with stops just on the other side depending on which way you are playing. Went into expectations of the next few days leading into expiration, in the Weekly area. The differed winter contracts continue to show buying regardless (to a degree) of the prompt action.
Major Support: $2.476-$2.446, $2.392,$2.258-$2.253, $2.219 Minor Support: $2.618, $2.508, $2.339 Major Resistance: $2.789-$2.801,$2.908-$2.928,$2.973-$3.00
