Daily Continuous
Not sure of the source of the buying yesterday– it may have been related to the strength in Crude market recently, but the market may want to trade up to high side of the range that held the market of late. Eventually the market will build a base that will carry prices up to establish the Q2 high. Not sure if this the beginning of the basing– I would expect it to form from failed rallies — testing support but setting a series of higher lows.
Major Support: $2.640-$2.57
Minor Support/Resistance : $2.87-$2.84, $3.16-$3.148, $3.136, $3.02-$2.97
Major Resistance: $3.35, $3.486-$3.494, $3.567, $ 3.736