The range that started last month continues into this month. Last month’s low was not severely tested before prices started to rebound. The interesting aspect of the range trade is does it test the resistance near $6.00 or above. Unfortunately, there is no technical indication of expansion beyond resistance, nor is there indications that prices will retreat again.
Major Support: $5.275, $5.17, $4.88-$4.825, $4.61, $4.537,$4.375, $4.211, $4.156, $3.92 Minor Support: $4.728-$4.70, $4.66 Major Resistance:$5.47, $5.568,$5.96, $6.00
