Prices continued there gains and the volume each day this week has been a little stronger than the previous day but the total for the week is lagging from the previous week. Will the price action find the additional footing to set a higher high compared to last week– not sure. When I hear from the fundamental folks these prices are a combination of the conflict and the change in demand in the forecasts– I am more confused as ever for additional gains to set a higher high — perhaps it comes in the middle of the night (similar to last week) in very light trade.
Major Support:$4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $4.88, $4.60-$4.557 Major Resistance: $5.04, $5.08, $5.18
