In the Weekly section on Sunday — I expected a decline to be retesting lows around $2.69 — well I missed that decline by more than $.10. Now what – perhaps additional declines to $2.47 may occur but they are likely to be brief. My expectations are that the low end of the new range should be completed (near term)– from which prices will rally back to test resistance.
Major Support: $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $2.38-$2.26, $2.17 Major Resistance$2.83, $3.00, $3.536, 3.59
