Range Holds for Now

Daily Continuation

Prices could not break out above the critical resistance area short of $2.00. It is clear that there is an issue with the market, as a break above this zone will have ramifications for the remainder of 2020. Play the range, as recommended here for the last few weeks, but keep an eye on the June contract for reference (per my Daily yesterday).

Major Support: $1.611, $1.555-$1.519
Minor Support: $1.83, $1.78-$1.765
Major Resistance: $1.993-$2.025, $2.062,$2.08-$2.102
Minor Resistance: $1.968