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, $1.994 Minor Resistance:$
