A very telling day of trade as the report came out and prices immediately declined, followed by additional declines that took prices down to $6.53 only to find some buyers. Those buyers took prices back to where they were when the report was released. From there prices consolidated on a daily basis. What made it interesting was the rapid declines and momentum were abated by the support and buying– is the market defining a different perspective from the recent sell any rally to a more supportive structure–perhaps. Stick with the defined range.
Major Support: $6.02, $5.623, $5.59-5.572, $5.06 Minor Support: $5.548, $5.40-$5.45 Major Resistance: $6.34-$6.43, $6.587, $6.638
