Expiration Week — Expect Strength

Daily Continuous

Last week’s strength into the close on Friday suggests that there will be strength in the expiration for the seventh consecutive month. Early trade on Sunday night confirm but the trade is extremely light and should be discounted on impact. The best guess I have is that prompt gas trades both higher and lower than 5.17 (last week’s close) with the likely hood of…higher before October is off the board, then lower during the first few days of November’s tenure. The problem is (looking at the trade on Sunday) how high does Oct trade during expiration.

Major Support: $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, $3.722,
Minor Support: $4.728-$4.70, $4.66
Major Resistance:
$5.24, $5.486, $5.65, $5.93

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