Daily Continuation
Mentioned in the Weekly section that each expiring contract month from February through September ’24 was “amply” offered as it went off the board. That changed last month. October traded the high of its tenure as prompt on the day it went to settlement at $2.585. Not sure what will happen with the Nov expiration but would not expect major volatility. My guess would be it is neither well bid or offered into expiration, as the market is seeking its near term commitment.
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