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Category: Daily Call
As Expected — Retrace to New Support
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Key Resistance Falls — Does it Hold as Support
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What Will Break the Range?
The range that we have discussed for the last two weeks remains and discussions about the options and potential outcomes is discussed in the Weekly. On the Daily, not much has changed since last week as the market seems to be waiting on the next piece of news that will impact price (guess the warming forecasts aren’t enough).
Major Support: $5.61-$5.44, $4.716, $4.705-$4.68
Minor Support: $5.47
Major Resistance: $6.41-$6.456, $6.74,$7.00, $7.18, $7.532, $7.71-7.75, 8.021,
Bias Changing?
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Rally In the Last 30 Minutes
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Consolidation Around $6.00 Continues
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Both Bias’s in One Day
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Long Range Forecasts vs Near Term
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Large Gap Holds During Trade Day
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