As Expected – Seasonal Weakness Commences

Daily Continuous

Discussed in yesterday’s postings that this period of time of the year, is historically a weak time of the year and sure enough, prices softened yesterday. Declines went to the lows from a small daily gap at $3.62 — likely to be tested today. I don’t see prices breaking down below but my sight is often clouded.

Major Support: $3.054-$3.007, $2.97, $2.727, $2.648,
Minor Support :$3.62, $3.46, $3.30-$3.26
Major Resistance:$4.168, $4.461, $4.501

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