That didn’t take long for prices to rally, as discussed yesterday, and the run took prices up to low resistance zones. We shall see how far this rally goes and yes, the forecasts will have a lot to do with the run extension. I will stick with the technical data points and will trade accordingly with an eye to some forecasts defining sudden moves.
Major Support: $2.98-$3.03, $2.82-$2.78, $2.74, $2.608, $2.47, $2.00, $1.991-$1.96, $1.795-$1.766 Minor Support $3.16, $2.84, $2.38-$2.26, $2.17 Major Resistance $3.48, $3.536, 3.59, $3.65
