That is a technical break out (discussed in the Weekly Detail) and now the market needs to confirm the event by testing the old resistance ($2.52-$2.46) as support and launching prices to new highs. These highs may come later after the upcoming holiday period (see Weekly detail) or may take effect prior to the holiday. History tells us that prices have a tendency to rally into the holiday before weakening in early June.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support: $2.50, $2.36 Major Resistance $2.543-$2.604, $2.836, $3.00, $3.536, 3.595
