Daily Continuous
The bulls tried to set up for a break out above $3.00 only to fail after the data release. Not sure how the data was interpreted as bearish to kill the gains but that fundamental information is over my pay grade. The key from my perspective is the market did not “collapse” but rather held the recent range. Take that as additional confirmation that the bias has changed. Play the suggested ranges from earlier in the week.
Major Support:, $2.112, $2.026-2.00, $1.991, $1.93 ,$1.642, $1.605
Minor Support : $2.62, $2.507-$2.44, $1.856,$1.89-$1.856
Major Resistance: $3.00, $3.16