Prices did little to imply a directional bias yesterday and seemed to consolidate the big gains on Monday and early Tuesday. Now it sits just above last weeks highs before they melted down after expiration of the February contract. No solid break out has been confirmed yet but a weekly close above the resistance above the old gap in the March chart (closed yesterday) will have an impact. Other than that event– this is basically a test of resistance –failure– and tests of support likely.
Support: $2.373–$2.356,$2.255-$2.176 Minor Support: $2.71, $2.60-$2.554,$2.483, $2.162 Major Resistance: $2.87, $2.89, $2.92-$2.997, $2.98-$3.05, Minor Resistance:
