Was hoping that the lower end of the developing trading range for March would be defined more dramatically than what transpired. Clearly, prices will be supported as the decline under $2.70 — but there is not a significant support areas from the $2.68 of yesterday all the way down to $2.54. Therefore the range is $2.68-$2.89 for now. What happened last month was a rare occurrence and looking for a repeat is not wise.
Support: $2.74, $2.65, $2.54, $2.373–$2.356,$2.255-$2.176 Minor Support: $2.71, $2.60-$2.554,$2.483, $2.162 Major Resistance: $2.94, $2.98-$3.05, $3.082, $3.316-$$3.396, $3.486 Minor Resistance:$2.85
