September Goes Quietly

Daily Continuous

Staying within the range that September contract had developed, it went out on a quiet note towards the low end of the range it had developed. Now we have a fresh Oct contract with tropical disturbances (bearish) and the Labor Day weekend trends (bearish before/or after the holiday). Then you include my prediction in the Weekly analysis, that the new prompt would likely give up any premium it had to Sept and you have my prediction for the next two days of trade. Won’t hear from me until after the holiday.

Major Support: $2.47, $2.00, $1.991-$1.96, $1.795-$1.766
Minor Support $2.38-$2.26, $2.17
Major Resistance$2.83, $3.00, $3.536, 3.59

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