Discussed earlier in the Weekly Section that the premium afforded to the July contract would be tested after expiration and the price action closed the gap from the expiration range and the July contract in yesterday’s action. The July contract is now in the range from the June contract. Continue the range trade.
Major Support: $3.054-$3.007, $2.97, $2.727, $2.648, Minor Support : Major Resistance: $3.26-$3.305, $3.46, $3.628, $3.86, $4.168, $4.461, $4.501,
