Prices Gain a Bid in Late Morning Trade

Daily Continuous

Interesting day of trading as prices started strong , weakened, then got a solid bid towards the end of the trading day. Not sure what all of the volatility was about — but to the technician this represents the development of a solid base for Dec support between $2.85-$2.82 and now the action should try to define the high end of the range. It may or may not retrace all of the premium afforded to Dec but it is likely to regain some of declines from last week.

Major Support: $2.882, $2.853-$2.82, $2.789, $2.657-$$2.637
Minor Support:$2.743
Major Resistance: $2.98-$3.05, $3.091, $3.151, $3.24, $3.361-$3.370,
Minor Resistance:

To read The Daily Call you must be a subscriber (Current members sign in here. ) Start your subscription today.