Rally Right to Expectation

Daily Continuation

Mentioned in the Weekly Section that a rally might take prices to last week’s high (false holiday rally) and that is exactly where the expiring Feb contract went yesterday. As expected, the summer nor the March followed with such gusto. If you are still in the Feb good luck– for the March and summer months I think this is a good place to sit back and take a few breaths.

Major Support: $3.734, $3.63, $3.584-$3.522 63, $3.584-$3.522
Minor Support: $3.82
Major
Resistance: $4.18, $4.32 , $4.39, $4.48, $4.73

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