After a “consolidation” period for trade for three days last week, perhaps prices are ready to start a rebound higher or an extension lower in the coming week. Needless to say that the historical momentum for lower prices remains (but dwindling) and the market is heading into a bullish period associated with the fourth quarter.
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: $8.205-$8.299, $8.58-$8.61, $9.021, $9.35, $9.40, 9.664–$9.67, $9.98
