Welcome to the New Year and best wishes to all of you fine readers. It is no surprise to see a gap open on the contract after the New Years holiday (see the Weekly section) and after last week’s reversal of a low (likely going to hold near term declines) at $2.238, it not surprising to see the gap directionally up. Now what happens to the contract over the next week may have a longer term impact on the year.
Support: $2.373, $2.255-$2.176 Minor Support: $2.162 Major Resistance: $2.74-$2.789, $2.98-$3.05, Minor Resistance:
