Awaited Test of Support Occurs

Daily Continuation

Discussed here for the last couple of weeks, regardless of the Nov expiration and price break above $3.047 (old gap from 2019) it was likely that the December spot contract was going to test this area. That event occurred yesterday. Whether or not there is an extension downward, remains unclear but if price don’t today they are missing a great opportunity.

Major Support: $3.047-$2.98, $2.907, $2.822
Minor Support:$2.84
Major Resistance: $3.151, $3.24, $3.361-$3.370, $3.423, $3.516