It certainly seems like all systems are go for a test and break out above the highs from last fall ($3.396). With that said, I was startled to see the early and preliminary numbers for open interest declining yesterday with volume declining and the RSI still in the extreme zone on the Daily chart. Perhaps some folks are booking profits at the technical highs- will have to wait and see. I still believe that prices have to retest support zones in order to build the base for a rally that can take prices another 10-15% higher (perhaps not during the summer).
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
