Prices opened $.20 lower on Sunday night as traders expect the bearish mood to continue into the week. Would ignore that move – rather look at the range that has developed between $6.30-$6.75. Perhaps this extension downward holds but there are issues with further lower moves (see Weekly section). Buying this dip should be with tight stops.
Major Support: $6.38, $6.02, $5.623, Minor Support $6.357-$6.305, $5.548, $5.40-$5.45 Major Resistance:$6.74, $7.18, $7.532, $7.71-7.75, 8.021, $9.05-$9.12,$9.35, $9.40, 9.664–$9.67, $9.9
