Daily Continuous
Yesterday’s reaction to Friday’s action was predictable (per the Weekly comments) as the over bought market needed to correct and retrace some of the Friday gains. Had a solid (and profitable) decline in prices and not sure the declines are over as the retracement might continue for a few days (range modifications need to be established).
Major Support: $4.219-$4.139,$4.083,$4.055,
Minor Support : $4.46-$4.42, $3.75,$3.65
Major Resistance: $4.901, $5.01, $5.325, $5.37, $5.49