Brief Collapse Was Expected

Daily Continuous

Spoke yesterday of the high side resistance to further gains and confirmation of that occurred yesterday. Expect further probes lower, but there will be a bounce (like we saw last week- just not as volatile). It seems now that traders are looking at fundamental data input (go buy some subscriptions) for the upcoming winter. This trader will wait patiently for some technical indication of the depths of the declines vs when to buy some winter.

Major Support: $2.544, $2.518-$2.496
Minor Support: $2.388-$2.415
Major Resistance: $ 2.905, $2.928