After last week’s rapid declines– the market seems to be developing a “consolidation” pattern at the lows but the declines may return. Not sure what the fundamental folks are tracking with the loss of demand and the loss of production due to the storm. That will play out next week. In the meantime play the historical trends and the range of the last week.
Major Support:, $1.52-$1.511, $1.481, $1.312 Minor Support : $2.41-$2.31, $2.168, $2.12, $2.00, $1.967- $1.94 Major Resistance: $2.44-$$2.502, $2.618, $3.00, $3.16
