Here we are at expiration and the variances between prompt May and the rest of the market have become pronounced. My suggestion remains the same from yesterday.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312
Minor Support :
Major Resistance: $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,
Discuss some of the elements that the market is starting to advertise as to future in the Weekly / Long term section, but most are light at this point so the likely hood of any break out is limited. May prompt has five days left and expect a complete closure of the gap from the April expiration but am not convinced of the expiration weakness that the last two expiration’s experienced. Volatility will return to the market but unlikely until power demand and expectations starts to rear it’s head.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312
Minor Support :
Major Resistance: $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,
