Yesterday’s Call All Wet

Daily Continuation

Well — I was off expecting additional tests of support yesterday– instead prices started up and stayed up testing the initial resistance area around $3.00 (after opening above minor resistance area). One would have to believe that the market wants to test that resistance area again (if it is supported by what ever fundamental data is directing these small counter trend rallies). The recent range $3.00-$2.80 remains as the trade range with low risk stops just beyond the boundaries.

Support: $2.82, $2.61- $2.621, $2.425,$2.373
Minor Support:$2.887, $2.785
Major Resistance: $2.98-$3.05, $3.091, $3.151, $3.24,
Minor Resistance:

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