Additional declines to test the intermediate support between $4.40-$4.36 never occurred which in itself is interesting. Guess folks are going to hold on to the winter trade until the bitter (pun) end. It is either that or some medium term events occurring that I may go into this weekend or next week in the Weekly section. Regardless, expect some additional weakness in the coming 10 days before the expiration process (12 consecutive months of being well-bid) takes over later in the month.
Major Support:$4.38-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $4.60-$4.557 Major Resistance: $4.82-$4.88, $5.08
