Prices tested major support last week and failed to break below, which will bring an interesting flavor to trade this week. On Friday, there was price strength at the close of Globex trade, and early trade on Sunday has eliminated those gains. Where does it go from here … would expect declines today (obviously) but not sure the recent trend of the last eight months will be broken (discussed further on the Weekly section). There are some potential issues this week with trading times and the days so tread carefully during the week.
Major Support: $4.88-$4.825, $4.728-$4.70, $4.61, $4.537,$4.375, Minor Support: $4.66 Major Resistance: $5.148-$5.175, $5.339-$5.40, $5.64, $5.964, $5.996,$6.177, $6.24-$6.493
