Just when the after market open yesterday afternoon at 5:00 pm CDT my tick chart showed a crash to $2.86 on just under 2500 contracts. Got no clue what caused that except perhaps some one with length decided it was time to close its books or someone left a bad trade in their system. Prices then spent the next 10 minutes rebounding back above $3.00. Yesterday’s action becomes somewhat irrelevant to this analyst and won’t waist any more of your time speculating on it. Per yesterday’s Daily continue to play range forming for the October contract.
Major Support: $3.00-$2.97, $2.843, $2.727, $2.648 Minor Support : Major Resistance: $3.061, $3.16, $3.192, $3.25-$3.31,$3.39, $3.62, $4.168, $4.461,
