Week of Range Trade

Daily Continuation

Prices rallied during last week challenging the trend line of resistance off of the early Oct low. Challenging this trend line four of the five trading days and leaving the market looking for the next catalyst to move it in either direction. Prices opened Sunday night, down $.13 and challenging the Dec 200 day SMA. Will be interesting to see if there is an extension below last week’s low (see Weekly section).

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:

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