Major Support: $2.212-$2.207, $2.185,$2.12, $2.029 Minor Support: $2.158 Major Resistance: $2.437, $2.48-$2.52, $2.716-$2.755, $2.884-$2.908, $2.984 Minor Resistance: $2.34
Perhaps there are a few looking to find the shorts but I am confused as to why some strength yesterday when all the fundamental folks tell me that temps are normal to above in the coming weeks. I don’t follow so could care not but there is a strength in the market that could create problems to the short crowd. Monitor this as trade moves this week. High volume reversal off the lows last week suggests the lows for the Jan contract may be in. The strength when not supportive may be indicative of a rotation rather than a commitment to the future.
