Category: Daily Call

Daily Continuous

Been a few days but nothing has changed. Prices rallied late last week but ran into the trading wall (either side of $2.00) regardless of the expiration gains given to May. Another month and would not expect a big shift in the recent ranges.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

I have jumped ahead to the May contract for analytical purposes as the expiring April (Wednesday) provides no analytical support. Stick with the themes from the Long term Week section and unless something dramatic happens this will likely be the last daily until next week (Good Friday celebration on Friday). Should something, happens will post on Thursday.

Daily Continuous

I have been poking fun and frustration of the recent range trading that the market has been providing us for the last month or so, but the market is going to respond to such lethargy. Go into some of the recent history of what happens in the Long term Weekly section. We have expiration this week and would expect similar type of action as the March expiration process (as we haven’t moved this month with April as prompt).

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

It is all in the heading with other comments necessary.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

Another week, another storage release and the prices are very similar to the last releases. OO my what do you think is going to happen– I will bet on a continuation of the recent range.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

Not submitting a Daily yesterday may become an occasional event as I can only write about or discuss the same type of price action so many days in a row. Let me repeat the same diatribe as the last week or so as the market continues to grind out trade in the recent range. Would not expect anything different this time.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

If you are selling premium (options) or accurately range trading this market you are having a good Q1. This is looking like a market that is in a hurry to go nowhere. Will bring more thoughts when the Daily limits the distribution later in the week.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

Suggested some volatility with prices testing support — got some quiet declines but did not test support. Perhaps the storage report will bring a test but not convinced. Until continue the selling of premium as a money making trade until a new bias is confirmed.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,

Daily Continuous

What is the saying about lip stick and pigs– not sure but this market is starting to resemble the animal. No serious momentum down — nor was there any follow through at resistance. All I can say is my option positions in April are a day closer to expiration, which being short out of the money calls works to my favor. Lets get some volatility into this pig and challenge the lows of last month in the $1.50’s.

Major Support:, $1.595, $1.52-$1.519, $1.432, $1.312
Minor Support :
Major Resistance: $1.863, $1.94-$1.967, $2.00, $3.00, $3.16, $3.48, $3.536, 3.59,