Discussed the range and three attempts to close above the top end of the range last week. Yesterday, in light trade, the market traded up to test the high side of the range and then opened above it in the night opening. This is a critical time for the bulls as there is so much bullish news and data points from the fundamental perspective, if prices can’t confirm the light market gains — then there will be a correction. Discussed some of the supporting technical indicators in the Weekly section of the website yesterday– take a look.
Support: $2.373–$2.356,$2.255-$2.176 Minor Support:$2.806, $2.71, $2.60-$2.554,$2.483, $2.162 Major Resistance: $2.98-$3.05, $3.108, $3.172 Minor Resistance:
