The bears seem to control the early morning and therefore the trade day direction as they waved off the forecasts for demand and started selling, taking prices to the short term support area. There is a lot more trade to July than this early move indicates (see Weekly). For now– I see higher lows and a change in bias — so I will add on the dips.
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support:$2.47, $2.38-$2.26, $2.17 Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
