The market retraced some of the gains from Monday and softened some of the trend indicators, however, this does not reflect the end to the run. It is likely that trade in July will follow a series of short covering rallies only to fail at resistance levels similar to yesterday’s price action. The range from the last few months remains intact — be patient and work the range trading on the support and resistance areas.
Major Support: $1.484-$1.44, $1.336 Minor Support: $1.527, $1.66 Major Resistance: $1.722, $1.864-$1.896 Minor Resistance:
