Prices rocked and rolled up to that key area around $4.46 only to fail after venturing to $4.55, setting a higher high trade. This bullishness should be respected for the future, but considering each rally has failed and given up a significant amount of the day’s gains suggests a lack of total commitment to sending prices higher in the upcoming Q2. Seasonally, Q2 is met with price strength and it sure seems this market wants to run but lacks enthusiasm. More important, does it now give up the total gains and reverts to the range developed in the last week.
Major Support:,$2.727-$2.784, $2.648, $2.39, $2.35, $2.112, Minor Support : $4.00, $3.34, $3.167, $3.00-$2.95, $2.914, $1.856,$1.89-$1.856 Major Resistance: $4.201, $4.378-$4.394, $4.461,
