Prices opened Sunday night at $2.658 and the trade throughout the day stayed within a small range. The action did manage to close the gap that was created from the Friday high to yesterdays low. After closing the gap prices immediately reversed higher to finish the day with a nine penny gain. Not sure how much of yesterday’s gains were do to short covering from late / weak short positions, as the data has not been released, looking at the action- I would be hesitant to call it short covering. This looks like a small rally (four consecutive higher highs) not sure why but the market is saying it will go higher until it does not.
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
