Prices exploded in lighter trade on Sunday night, breaking above the near term resistance. Now the question is, do prices close some of the substantial gap that exists in the charts? Should it try, there may be low risk buying opportunities available. See the Weekly commentary for longer term impacts from the recent gains. This rally on Sunday may provide some opportunity for SHORT TERM SHORTs– but can’t stress the need for stops.
Major Support: $2.454, $2.392,$2.258-$2.253, $2.219 Minor Support: $2.74, $2.339 Major Resistance: $2.743, $2.789-$2.801,$2.908-$2.928,$2.973-$3.002
