Guess a day or two of declines, mitigating the extreme over bought indicators, met the market expectations for higher prices in the longer term. Nothing has change from the fundamental side (except for comments from Russia) from the highs traded last week. Now back in the extreme zones on the Weekly charts but still reasonable from the Daily chart. I would expect further gains and I need to adjust my high side of the range trade (discussed yesterday) to $6.00 as the market has shown discomfort in closing above that level.
Major Support:$5.416, $5.341, $5.17, $4.88, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821, Minor Support: $4.728-$4.70, $4.66 Major Resistance:$5.63- $5.68, $5.876,$6.24-$6.49
