Daily Continuous
While prices were up and down during yesterday’s expiration, I am going to state that the expiration process was well supported, thereby breaking the trend of the previous expiration’s of 2024 which were all well offered during the process. What does this mean?—The bearish bias (all through this year) is starting to take some hits. The first target is the gap remaining from the premium awarded the Nov contract (even though some of that gap was closed during yesterday’s decline). This will be the first test of a confirmation of a bullish bias change.
Major Support:, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605
Minor Support : $2.507-$2.44, $1.856,$1.89-$1.856
Major Resistance:$2.618, $3.00, $3.16