Wow – Declines Explode and Create Gap

Daily Continuous

Not much to say but that is why you use stop loss orders last week. We came in today and prices were below $6 and headed lower. Trading down into the lows from late October, the market will develop the low end of potential new range. We now know that the high end of any range is the huge gap from the weekend which will get challenged, though likely later in the winter or next year.

Major Support: $5.72, $5.61-$5.44, $4.716, $4.705-$4.68
Minor Support: $5.47
Major Resistance: $6.45-$6.48, $6.687, $7.19-$7.221, $7.498, $7.532, $7.71-7.75, 8.021,

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