Prices opened higher Sunday night – so expect the trade to follow four of the last six Monday’s with stronger prices. Explained some of the recent trends in the Weekly section, so I suggest a quick read. Where do prices go— I would guess somewhere between $6.00 and $5.17 in the near term. Many fundamental reasons are spurring this radical trade of the last few weeks — how does that turn out — no clue. Technical data points suggests that consolidation and calming (discussed last week) will need to occur to support further significant gains in the fourth quarter.
Major Support:$5.416, $5.341, $5.17, $4.88, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, $3.722, Minor Support: $4.728-$4.70, $4.66 Major Resistance:$5.93, $5.88-$6.493, $6.318
