Old Resistance Continues to Hold Support

Daily Continuous

The resistance area around $3.00 which proved so formidable for many months has now held as support for a couple of tests. This has created a narrow range at $3.15 and beyond the $3.15 there is numerous area that will prevent prices from getting to out of control. Would still suggest that prices need to retrace (consolidate) some of the gains.

Major Support: $2.914-$2.886, $2.78, $2.71-$2.70, $2.658, $2.52, $2.422-$2.414
Minor Support: $3.00, $2.876, $2.694, $2.483, $2.162
Major Resistance: $3.12-$3.15, $3.251, $3.31, $3.396

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