December started off as prompt with declines back below the $6.00 level. Not sure of the reasons for prices having issues with the $6.00 level, but it is clear that the market is not comfortable with prices remaining above that level for extended periods of time. Trade should respect this issue near term or until the trend and behavior changes. The general range has not changed from last month from $5.30 to $6.00.
Major Support:$5.655, $5.275, $5.17, $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92 Minor Support: $5.489, $4.728-$4.70, $4.66 Major Resistance: $6.008, $6.24-$6.493, $6.28,$6.466
