Detail the bullish break that occurred last week in the Weekly section, but for the Daily I can only submit that the bullish close and the higher close and the technical damage would support higher prices this week but the initial phase Sunday night has prices lower by $.27– granted on thin trade. The market has declined from just below $2.00 and has rallied 50% in just over a week of trade (8 trading days)– so it is likely there will be an additional consolidation process coming this week. Look for a decline to the area that was resistance around $2.53.
Major Support: $2.00, $1.795-$1.766
Minor Support: $2.53, $2.41- $2.34
Major Resistance$2.836, $3.00, $3.536, 3.595