Testing the August Contract Lows

Daily Continuous

The initial test of the August low was met with expected support. That support may not suggest a rally to take prices to test resistance. The low test is not complete as the internals hint additional declines may be coming.

Major Support: $3.25-$3.16, $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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