As expected the new crowned prompt July corrected to last week’s low and in doing so– gave up any premium July maintained to June. It looked for a while that yesterday was destined lower than last week’s but in the last hour of trade prices got a solid bid and rallied back into the middle of the day’s range. History of weakness in early calendar June trade suggests declines may not be concluded– we shall see.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support: $ Major Resistance $2.543-$2.604, $2.836, $3.00, $3.536, 3.595
