The price collapse last week suggests that prices will want to re-test the support gap from the Nov contract at $2.37. Closing near the lows of the week on lighter than average volume (Holiday related) does little to support the near term action. Support will likely be found from the high end of the gap ($2.377) down to the low end of the gap at $2.10. Mentioned last week that the market was susceptible to volatility and that can be either up or down as it heads into another expiration and Holiday week.
Support: $2.425,$2.373, $2.255-$2.176 Minor Support: $2.162 Major Resistance: $2.55, $2.74-$2.789, $2.98-$3.05, Minor Resistance:
