Author: Willis Bennett
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No Changes — Just a Test of Support as Expected
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Back To Where We Started
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Mitigates Some Of The Extreme Over-Sold Conditions

Yesterday’s action was a start to a corrective rally to relieve the over-sold conditions– now the market is likely to range trade to further allow the market to create a base from which to rally from or extend the declines. Due to prices declining at the end of the day — expect them to add to weakness today.
Major Support: $3.638
Minor Support:
Major Resistance$4.22-$4.39, $4.75-$4.825, $4.948, $5.056
Bull Run (Two Year+) Ends
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Declines Hitting Extreme Area
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Declines Continue — Approaching Unsustainable
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Prices Rebound Off 2021 Lows
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Back To 2021 December Lows

Check the Weekly section but the declines have been extended from last week in the early trade last night. Results will be proven later but the market is hitting the extreme zones on the over – sold levels.
Major Support: $4.378, $4.34,-$4.149, $3.638
Minor Support:
Major Resistance 4.75-$4.825, $4.948, $5.056
Declines Break Testing Two Year Support
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