That is a breakout as prices ran through resistance with huge volume and gaining open interest. Prices are now a little over-cooked but that may not stop additional gains, however, they will have to consolidate the breakout before moving on. Mentioned significant areas in the Weekly area and some analytics behind last Friday’s explosion. The key for the next couple of days is the late Oct highs at $2.39, mentioning in the Weekly that if prices do not garner the support to break that high — then expect some consolidation.
Major Support: $3.198, $3.12, $3.00 $2.914-$2.886, $2.78, $2.71-$2.70 Minor Support: $$3.251, $2.694 Major Resistance: $3.321-$3.33, $3.396, $3.482
