Had written the Daily after the close and was going to discuss an additional failure of prices at well defined resistance during the trade only to see a collapse of prices after the close when the market reopened. I can only suggest that whatever fundamental data hit the market on Sunday, was reversed late yesterday. It will be interesting to watch how the trade behaves when it has full market participation, the declines could continue to last Friday’s low $2.618 or does it find support near term.
Major Support: $2.454, $2.392,$2.258-$2.253, $2.219 Minor Support: $2.618, $2.508, $2.339 Major Resistance: $2.789-$2.801,$2.908-$2.928,$2.973-$3.002
