The early morning declines that took prices down to $4.747 before the buyers stepped in and moved prices back above $4.90. All of this happened on very light volume as the gains do not seem to be wide spread support for a launching for higher runs. With lack of volume traders need to be cautious in adding or starting to build positions. Fully expect prices to rise above the key $5.00 during the summer as some of the fundamental data comes evident, but the market action does not convince me that now is the time.
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
