Prices ended last week pressuring being over sold so it is not surprising to see a bounce at the start of trade last night. What will be of more interest is how it plays out during the day. Read the web site for indications and history about last week and what the declines will meet. The market has now broken the range that has held it for weeks so tread lightly (it has gotten more complex). Patience, to see what happens to the declines and bearish mood, in the near term.
Major Support: $1.484-$1.44, $1.336 Minor Support: $1.527 Major Resistance: $1.595, $1.611-1.642 Minor Resistance: $1.722, $1.864-$1.896
