Prices will be feeling out the variance in trader’s perspective in the coming weeks as the weather forecast have provided milder (but strong) demand for early August compared to the recent bullish forecasts last week. Historically, prices decline in general during early August before rallying– leading into the historically weak Labor day weekend. This year will b interesting to watch the outcome of a struggle between the fundamental day trade and the medium term trade (3-6 months).
Major Support: $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support:$2.52-$2.47, $2.38-$2.26, $2.17 Major Resistance $2.816-$2.836, $3.00, $3.536, 3.59
