Early Weakness –Rally — Weakness

Daily Continuation

Not a whole bunch of directional information from yesterday’s trade, rather than the fact that prices rallied only to find sellers. Summer prices lagged the gains and losses but not by a significant amount. Have discussed the recent 10 month trend of expiration’s in the Weekly section and now the market enters the last three days of trade. Perhaps weakness continues for a day or so, but you can’t bet against the trend until it breaks.

Major Support: $3.734, $3.63, $3.584-$3.522 63, $3.584-$3.522
Minor Support: $3.82
Resistance: $4.02, $4.18, $4.32, $4.48, $4.73-$4.775, $4.818-$4.825, $5.045