Prices bounced off the lows on Friday and showed a little strength late in the afternoon. Now they gaped up and are challenging the gap from the expiration and discount provided the Feb contract. These Sunday night events have not held there salt lately– so I would be patient in jumping on this wagon. Typically, either the high or low of prompt March trades during the last couple of days of January or the first few of calendar February. Nine of the last ten prompt Marches have conformed to that tendency. Seven of those nine were highs, two were lows (’20 was the exception).
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112, Minor Support : $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856 Major Resistance: $3.34, $3.39, $3.829, $3.92, $4.00, $4.201, $4.378-$4.394, $4.461,
