The expiration went as history would expect, as the market rallied to $4.94 to continue the trend of the last year. The big question is where do we go from here– the declines during the day suggests that there may be additional weakness to the trade today– but with the general strength in commodities (likely due to the war issues) it would be hard to predict. Sitting on the sidelines is never a loosing situation.
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
