Rally Backs Down

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

Apologies for no daily yesterday but I had a family medical issue to deal with— the rally was stopped two days ago and continued yesterday with the declines. As mentioned on Tuesday, the fundamental traders were asking me why prices rose on Monday — which left me speechless. Guess we tested support and failed so lets test resistance. This week it seems to be — tested resistance and failed so lets test support— see what happens. Range Trade would look for last weeks low to stay and then another run after a test.

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