I guess the area between $4.80-$4.70 is going to be tough to break, so far. Yesterday or today may be the best opportunities for a break to happen. The market has shown the propensity to rally into expiration, be aware that November was the eighth straight contract month to rally into expiration…and that the last five of those have traded their pre – expiration lows between the 16th and 21st before a significant gain. Next week’s expiration will be interesting as the Holiday provides some odd situations as the market will expire on next Friday in a shortened trade day.
Major Support: $4.88-$4.825, $4.728-$4.70, $4.61, $4.537,$4.375, Minor Support: $4.66 Major Resistance: $5.148-$5.175, $5.339-$5.40, $5.64, $5.964, $5.996,$6.177, $6.24-$6.493
