Did not see that collapse coming – but the support trend line held on the Continuous chart but was destroyed on the spot March contract. The Feb contract reduced the gap that will occur on expiration but nothing has happened that would concern me from a technical standpoint for me to expect a major break out of the range.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112, Minor Support : $3.39-$3.31, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856 Major Resistance: $3.829, $3.92, $4.00, $4.201, $4.378-$4.394, $4.461, $4.75
