Daily Continuous
Discussed the premium being afforded in the Weekly and the market chose to narrow that yesterday as the prompt rallied and Dec basically went nowhere (down during the morning). For this reason my suggestion is to watch the Dec price action and should it establish a “flooring” behavior build some positions accordingly. If you are negative in bias then play the spread to Jan accordingly.
Major Support: $3.06, $3.00-$2.97, $2.843, $2.727, $2.648
Minor Support : $3.16
Major Resistance: $3.39, $3.62, $3.80-$3.85, $4.168, $4.461,