Prices extended lower yesterday only to find support and rally back slightly, closing the day near the highs of the day. This may be the beginning of the recent trend of expiration’s being well bid. Key for today is the options expiration so expect excitement at $7.00 and $6.75. Directional focus will be shown in the Dec, Jan, and Feb contracts as the market defines its upcoming directional bias.
Major Support: $6.737-$6.727, $6.519, $6.504, $6.38, $6.02, $5.623, Minor Support $6.42, $5.548, $5.40-$5.45 Major Resistance:$7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.9
