Added the spot contract as it also points to some gathering bullishness in the price action. It did not rally to its previous high versus the Continuous pattern, and closed just above its 50 day SMA. Before fading, June traded through the April high for the 15th time in the last 20 years. June ended the week lower ($.005) than last week but was the only contract month of the current 12 month strip to do so. June may continue to fade, as the two daily reversal last week suggest, but significant support will commence at $1.73-$1.75 (three previous weekly closes).
Major Support: $1.733, $1.611, $1.555-$1.519 Minor Support: $1.78-$1.765 Major Resistance: $1.993-$2.025, $2.062,$2.08-$2.102 Minor Resistance: $1.968
