Prices spent yesterday trading in a less that $.10 range which the market may be signalling a consolidation period while it absorbs the large losses in the past 6 trading days (nearly $.50). As discussed in the Weekly section, prompt month is not my center of focus, but rather the December contract and the hefty premium to Nov contract that it currently enjoys.
Major Support: $2.82-$2.78, $2.74, $2.608, $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.84, $2.38-$2.26, $2.17 Major Resistance $3.00, $3.185, $3.42-$3.48, $3.536, 3.59
