Prices extended to the high side of the range but did not get near the true resistance area. Volume continues to decline during this consolidation phase. It should be considered as a consolidation process after the tremendous declines and need to be digested. The results from this phase will likely define the bias for the near future. Will be discussing the trends of expiration for the last 9 months in the coming week, as we are headed to lighter trade, due to the Holidays, and the market could become subject to volatility.
MajorSupport: $3.734, $3.63, $3.584-$3.522 Minor Support: Major Resistance:$3.91-$3.931, $4.02, $4.127, $4.25 $4.61, $4.67, $4.735, $4.825, $5.10
