Did not see that break out above happening– in fact due to the move on Wednesday, my speculation was some folks were trying to front run a bearish report. Well, we got the bearish report but prices didn’t decline — rather continued the ascent. With the expiration coming nest week (we know the 2024 record of declines into expiration), we have to be very cautious of this rally– it may take us to the $2.60’s — but it may provide a trap door for declines back to the $2.30’s. I will be following the differed contracts (Dec and Jan) for better insight of the near term price movement.
Major Support:, $2.35, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605 Minor Support : $1.856,$1.89-$1.856 Major Resistance: $2.63, $2.727-$2.784, $3.00, $3.16
