Before I could finish my first cup of coffee prices rocketed up to $9.75 — yea baby that is defining “well bid”. Have no clue what that was about but it was on less than 1,800 contracts in 40 minutes. Rock and roll on — here we sit with the option traders basically gutted and little new fundamental information at hand. We’re running out of gas for August but not in September— need help with that variance.
Major Support:$8.02, $7.55, $7.14, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support: $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $8.95, $8.996-$9.057
