The action last week finished firm with prices closing the week at the highest close since Dec 2nd. Went into expiration expectations, later in the month, in the long term section but would look for further gains this week. The CFTC data showed speculative shorts increased positions by a significant margin in positions reported effective last Tuesday. This could provide the fuel for a significant rally on little fundamental information sometime in the future. Until that proves itself the range between $2.80-$2.40 should be the support and resistance.
Support: $2.425,$2.373, $2.255-$2.176 Minor Support: $2.162 Major Resistance: $$2.74-$2.789, $2.98-$3.05, Minor Resistance: $2.649, $2.798
