Short Term Declines Should Continue

Daily Continuation
Spot January Contract

As discussed in the Weekly section — the market has developed a negative bias to trade. Before you play that side (read the Weekly Section for longer term positions) look for low risk areas to pursue length in the long term price arena. Look for movements within the recent range ($3.00-$2.70) in the next day or so and look to the market to define longer term impacts.

Major Support: $2.61- $2.621, $2.425,$2.373
Minor Support:
Major Resistance:$2.82-$2.853, $2.887, $2.98-$3.05, $3.091, $3.151, $3.24,
Minor Resistance: