Prices Continue to Grind Higher

Daily Continuation

The gains continued yesterday and were impressive until towards the end. Trying to challenge the late May high but the closer price got to $2.00 the selling began. Still the range I have been talking about for weeks now, but this is starting to get interesting. Whatever information has been getting into the market — how long it lasts is critical. From a technical perspective a range market testing the consistent range. RSI is continuing to gain but not overbought, the Bollinger Bands are starting to get frosty — but could move another dime without getting worrisome. Volume is supportive for additional gains and the open interest shows gains from last week.

Major Support: $1.484-$1.44, $1.336
Minor Support: $1.527, $1.66, $1.714, $1.829
Major Resistance: $1.864-$1.896, $1.933-$1.944, $1.974, $1.994
Minor Resistance:$

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