Looks like the bulls have garnered support near term for advancing. They are now heading into territory held from the June high of continuous prices at $1.896 ( the high when the July contract took over as prompt). July never seriously tested that level again so it will be interesting to watch what happens here– there may be a sea change coming up (no clue why) but the market still reeks of bearish sentiment.
Major Support: $1.484-$1.44, $1.336 Minor Support: $1.527, $1.66 Major Resistance: $1.864-$1.896 Minor Resistance:
