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
The weakest expiration level since last July— then prices rebounded and are showing some stability last night on the opening. Still in the recent range — I am startled that the fundamental folks are not pressuring more considering the fundamental data from last week with demand way down and production basically flat (between Canada and US)— then again I am not a fundamental type guy — Continue to play the technical range that continues to exist ($2.15-$2.37). There will still be some potential for volatility, as we are coming up on a historically low volume period.
