Some Slight Consolidation

Daily Consolidation

Declines slowed and consolidation at the lows of last week provided the market a chance to take a breath from the oversold RSI at the lows. Higher volumes on the declines and gaining open interest during the declines suggest that the market is expecting additional extensions lower.

Major Support:, $1.848, $1.52-$1.511, $1.481, $1.312
Minor Support : $2.00, $1.967- $1.94
Major Resistance: $2.39, $2.44-$$2.502, $2.618, $3.00, $3.16

To read The Daily Call you must be a subscriber (Current members sign in here. ) Start your subscription today.