Major Support: $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: $2.21, $2.34
Welcome to 2020 and the same range that has held prices for the last month ($2.138-$2.37). The declines held support last week and early trade has them holding currently. Early January trade has occasionally had and impact on trade(highs and lows) during the year and I will aluminate more on that history during the week. Until there is directional bias out of the range — play the range. BTW the CFTC report came out on Monday and showed the speculative short crowd adding to positions through the report date of December 24th.
