Daily Continuous
When I wrote the Weekly analysis over the weekend, my full expectation was for prices to test support at the break out zone around $3.00. Prices opened Sunday night up $.25 and seemingly wanting to challenge last weeks highs. All of this action is with the contract expiring in three days and we have documented the weakness of expiration’s this year. Will be interesting and likely telling for the next few months.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112,
Minor Support : $3.16, $3.00, $2.914, $1.856,$1.89-$1.856
Major Resistance: $3.307 $3.392, $3.487