The action yesterday tested the resistance at and around the $2.70 area and failed again for the second time this week. This area is now established as formidable resistance for the near term. From that failure at resistance, prices continue to melt down closing the day near the lows. The market seems to be setting a range for traders and expect that to continue until the fundamental data point settle themselves out.
Major Support: $2.376,$2.258-$2.253, $2.219 Minor Support: $2.316 Major Resistance: $2.693-$2.701, $2.723-$2.743, $2.781
