For the second consecutive week, prices attempted to break below $1.70 after lifting above that area around July 4th. That area has held support on occasions since late March, but has not provided this kind of leadership in the past as prices have managed to blow through this area several times. Whatever the reason, discussed in the long term section of the web that prices have been developing a “step” process the last couple of weeks with the range trade and nothing yet has diverted my attention from that analysis.
Major Support: $1.484-$1.44, $1.336 Minor Support: $1.527, $1.66, $1.722 Major Resistance: $ $1.864-$1.896 Minor Resistance:
