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Gap Closure Apparent

Daily Continuous

Daily Continuous

Major Support: $3.046-$3.017, 2.998, $2.964-$2.93, $2.891

Minor Support: $3.088-$3.102, $2.88

Major Resistance: $3.198-$3.217,$3.214, $3.307

Minor Resistance: $3.166

closure of the gap left from two weeks ago looks like it should happen now as the bears have the combination of momentum from last week with additional weather forecasts to bring prices down.  It will be interesting to watch what happens on closure if prices just collapse as the did on Nov expiration and the trade decides that winter is over or a small rebound occurs.  I will be gone for the next week so I wish you all a Happy Thanksgiving and the next Daily will be published on Monday Nov 27th.

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