A move early in the day took prices down below the expiration of Nov to $3.099. That low did not get tested again during the day. Price action seems to be a result of winter not arriving and folks are loading up the shorts with expectations of additional declines. Have seen this type of action on weather forecasts early in the season and have watched the covering when forecasts change.
Major Support: $2.98-$3.03, $2.82-$2.78, $2.74, $2.608, $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $3.16, $2.84, $2.38-$2.26, $2.17 Major Resistance $3.48, $3.536, 3.59, $3.65
