Prices closed the week on the August lows and concluded that the Q2 high was confirmed with the double top ( July Contract) discussed previously. We are headed into a historically weak period of the year (Q3 lows) that have been discussed here for several years. Brought to attention some of the issues and ancillary technical problems that could effect the market in the coming months in the Weekly section. The market has placed itself at a important level and now will need to define the key support for the coming month.
Major Support:, $1.595, $1.52-$1.511, $1.481, $1.312 Minor Support : $2.64, $2.448, $2.168, $2.12, $2.00, $1.967- $1.94 Major Resistance: $3.00, $3.16
