Last week continued the strength but started to hit some selling. Go into near term expectations for price in the Weekly section, for today I would expect a slight retracement of the buying back up to Friday’s mid zone around $6.40’s. The market should struggle a little in this top area and correct for a more traditional bull rally. The market has not provided any evidence that there will be a “blow off” type of topping process so expect a more stair step run in the coming weeks.
Major Support:$5.27-$5.199, $5.001, $4.40-$4.26, $4.187, $3.972, $3.734, $3.63, $3.584-$3.522 Minor Support: $6.00, $5.063, $5.04, $4.88, $4.60-$4.557 Major Resistance: $6.366, $6.466-$6.53,$7.346
