
Daily Continuous
Go into the many aspects of why the market flipped to a negative bias in the Weekly section — but all you need to see is that prices are down $.15 and challenging support zones in the early Sunday trade. Not sure how this will track (1: an immediate decline during Jan or 2: or a series of lower highs and lower lows) but the market is clearly setting up for the Q1 lows to be established. My guess is the latter with the low occurring next month.
Major Support: $3.57-$3.546, $3.334,$3.16-$3.148
Minor Support/Resistance : $3.489,$3.467
Major Resistance: $3.787-$3.831, $4.063, $4.086
