Mentioned in the web site that the market would have to decide between the weakness from last week’s action or the historical trend of rallying into expiration during the period. Yesterday gave a good early indication of the intentions for expiration. My interests are more focused on the summer contracts (I use July) and they currently are running with the May contract (either side of $.20 differential since the second week in April). It will be interesting to observe the June and July contracts during the May expiration and the initial phase of the June as prompt.
Major Support:, $6.411-$6.392, $6.247-$6.278, $5.27-$5.199, $5.001, $4.40-$4.26, $4.187, $3.972, $3.734 Minor Support: $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $7.346 , $7.427, $7.536
