Major Support: $2.52, $2.41-$2.38, $2.212-$2.207, $2.185,$2.12, $2.029 Minor Support: $2.33 Major Resistance: $2.716-$2.755, $2.884-$2.908, $2.984 Minor Resistance: $2.642
The importance of the failure on Friday for prices to close the gap set up the declines to test support. Would expect a test of major support between $2.49-$2.52 to be tested today and from there we will see. A break down will set up further declines while should it hold then a rally back to the mid $2.60’s will occur.
