Support Zone for Range Starts to Establish

Daily Continuation

Declines continued and took a run at the lows from the post Labor Day lows. Breaking below, in the early morning trade, the low extension could not hold and prices gained strength during the trade day. The initial decline has now presented a new area of support for prices to test in the coming weeks. Would expect a rally to define the high end of the range this week and perhaps expiration as the trend has been for strength through the expiration process.

Major Support: $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92, $3.821,
Minor Support: $4.728-$4.70, $4.66
Major Resistance:
$5.17,

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