Doubt that prices will just explode with the new prompt / early May contract. Of more importance is how does the market behavior over the coming period of time. Expect prices to try to and test the low end of the range into the high $2.50’s eventually and that movement (the results) will define a directional bias for the May contract.
Support: $2.422-$2.414, $2.373–$2.356,$2.255-$2.176 Minor Support: $2.483, $2.162 Major Resistance: $2.74-$2.789, $2.89, $2.98-$3.05, Minor Resistance:$2.806
