Unlike Monday’s action, prices held the early strength closing just off the highs. The run questions my comment yesterday defining the high end of the range, perhaps we need to test the highs from last week or the highs for Sep contract from last week ($4.165).
Major Support: $3.722, $3.58, $3.538-$3.511, $3.385, $3.368-$3.316, $3.198,
Minor Support: $3.87, $3.821, $3.508-$3.485
Major Resistance: $4.054-$4.094, $4.187, $4.238