Obviously, close this month below 36 would be bad ... at least need another month or two to reverse.
Close between 36 and 40 hits buyers are trying to test water and see how much resistance it has. So the chance that December will be higher is ~ 2/3.
Close above 40 in November means buyers are ready to bring it higher, can take some risk in monthly options.
Close between 36 and 40 hits buyers are trying to test water and see how much resistance it has. So the chance that December will be higher is ~ 2/3.
Close above 40 in November means buyers are ready to bring it higher, can take some risk in monthly options.