Price closed above resistance level trend line (discussed in the Weekly section) and are challenging levels not seen since Jan at $3.00. Last week’s reversal of a reversal (also discussed in the Weekly) signals that the historical strength in prices during Jun is evident again in ’24. Sent out the historical chart last week and would advise using some of the averages in your analysis. For now its time to watch and see how the $3.00 level is handled.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312 Minor Support : $2.844, $2.64, $2.448, $2.168, $2.12, $2.00, $1.967- $1.94 Major Resistance: $2.94, $2.97, $3.00, $3.16
