Mentioned last Friday, that with the bearishness associated with the Nov trade — I fully expected the declines to continue and eat the premium associated with the Dec contract. While some of the premium was devoured, the market left a fair amount of meat on the bone (so to speak). Now, much to my surprise with all the bearish bias — prices are up in Sunday night trade? Have little explanation for this behavior, except as mentioned in the Weekly section — sellers may have dried up.
Major Support: $4.948, $4.903, $4.716, $4.705-$4.68 Minor Support: $$5.47 Major Resistance: $6.314, $6.456, $6.74, $7.18, $7.532, $7.71-7.75, 8.021,
