Mentioned in the postings yesterday that the market would likely develop the range for trade and it seems to be setting the low end. From the short side it may correct to the $3.70 area but would not be aggressive chasing that level. The low extension may provide the opportunity to clear some put positions– other than that — play the levels in the range.
Major Support: $3.16-$2.97, $2.727, $2.648, Minor Support : $4.00, $3.827-$3.801 $3.742 Major Resistance: $4.168, $4.461, $4.501, $4.551, $4.746-$4.75, $5.031
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