Daily Continuous
Even with the high close last week, the expectations were that prices would return to declining bias and that is happened yesterday. The question now is concerning how many bears want to take prices back to last week’s low (also the low from Oct,24) just to find a similar result. Take advantage of declines to support as discussed previously.
Major Support: $2.622, $2.640-$2.57
Minor Support/Resistance : $2.87-$2.84, $3.00, $3.16-$3.148, $3.136, $3.02-$2.97
Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736