Guess a “New” Range

Daily Continuous

As discussed yesterday that the prices were bound to test the break out area and that they did breaking below the $3.00 area yesterday. Perhaps, a new range is trying to form (basically between $2.90 – $3.10), we will have to wait to watch the action. There are four trade days before the expiration 3-day close and as mentioned, this will set up the expiration and the roll into July. Would expect this is the range to manage price into the close.

Major Support: $2.883, $2.78, $2.71-$2.70, $2.658, $2.52, $2.422-$2.414
Minor Support:$2.876, $2.694, $2.483, $2.162
Major Resistance: $3.12, $3.251, $3.31, $3.396

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