Daily Continuation
The trade low from yesterday was below the low from earlier in the year as prices fell below $2.99 for a few trades. The question now is how low with the bears take the market. Similar to 2020, the Q1 low was briefly broken in April before prices rebounded. Not convinced the market signals are the same a 2020 as we were going through an over supplied bias then. Six consecutive down trading days is starting to leave some over sold indicators. Selling should carry tight stops.
Major Support: $3.336, $3.16-$3.11-$2.97, $2.727, $2.648,
Minor Support :
Major Resistance: $3.628, $3.86, $4.168, $4.461, $4.501, $4.551, $4.746-$4.75, $5.03