The July contract has had a hard time pushing the envelop higher beyond the $2.80 area and once again, got altitude sickness yesterday. No worries, as the August contract will be taking over after tomorrows expiration and is likely to challenge the $3.00 selling zone.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support:$2.47, $2.38-$2.26, $2.17
Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59