The Daily Call

No Longer Over-Bought

Daily Continuous

Nothing like loosing over a dollar in a day to take a market from being over bought to a more balanced bias. Expectations for trade is to develop the range similar to January and early Feb with the low end of the range developing either side of $3.00 and the high end of the range is likely the highs from last weeks close ($4.20-$4.42). A smaller mid range between $3.00 and $4.00 may hold the market as well.

Major Support: $3.374, $3.16-$3.148, $3.136-$3.024, $2.93
Minor Support/Resistance :
Major Resistance: $3.787-$3.831, $4.063, $4.086, $4.593, $5.333, $5.496

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