Signals showing the annual seasonal weakness continue with the declines yesterday setting a lower low. Continue to expect some sort of counter trend rally coming before expiration (likely). That rally should stay within the recent range but wherever it goes to — it may provide an area to sell into the rally for later in the fall.
Major Support: $3.821, $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198, Minor Support: $3.508-$3.485 Major Resistance: $3.968, $4.187, $4.205, $4.238
