Price action ended the week on a positive note and opened on Sunday night with a solid run, confirmed on late Monday trade. While the continuous chart continues to show a range trade environment, the spot July chart is more constructive (as discussed in the Weekly section). The directional bias for July will be a battle and currently, the price remains near the top of the resistance zone.
Major Support: $2.914-$2.886, $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: $3.01-$3.042, $3.12-$3.15, $3.251, $3.31, $3.396
