Well, off of a rally on the Holiday light trade, prices retreated yesterday to (basically) where it closed last week. Should trend of rallying into expiration been met– not really– but this is an interesting twist that should be respected. I will be stunned to see the short covering rally similar to the Feb expiration in the March rally but some trader’s expectations surprise me (why has a rallied happened in the last 12 expiration’s except for short covering). Today is options expiration — and lets see what it provides for future movements.
Major Support:$4.38, $4.26, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $4.48 Major Resistance:$4.664,$4.735, $4.825 $4.879, $5.088
