Major Support: $2.12, $2.083,$2.064, $2.029 Major Resistance: $2.34, $2.437, $2.48-$2.52, $2.716-$2.755, $2.884-$2.908, $2.984 Minor Resistance: $2.21
Prices tested the support around $2.10 again and found buying— even with the warming changes to the forecasts. The is no technical momentum to the trade currently, support holds – resistance holds. Nothing is oversold, sold additional momentum may occur— but if the fundamental forecast don’t facilitate additional declines — where is going to come from.
