Prices tried to extend the declines after the report but each attempt into high $7.80’s found buyers. Perhaps the market is starting the consolidation process after loosing over $2.25 since the highs last month. Time will tell as the market remains in the historically bearish period of the year.
Major Support: $7.956, $7.55, $7.14, $7.078, $6.88, $6.754,$6.38, $6.02, $5.623, Minor Support $7.35, $7.41, $6.42, $5.548, $5.40-$5.45 Major Resistance: $8.22, $8.58-$8.61, $9.021, $9.35, $9.40, 9.664–$9.67, $9.98
