The Daily Call

Consolidation Period

Daily Continuation

Prices seem to be consolidating around last month’s lows — but the question is– does the consolidation reflect a base for another rally or another leg down. The market will determine but I will be looking at history and see if there is any reference to historical tendencies after an early December high.

Major Support: $4.219-$4.139,$4.083,$4.055,
Minor Support : $4.46-$4.42, $3.75,$3.65
Major Resistance: $4.901,
$5.01, $5.325, $5.37