“Last week we said, If it is going to hold, it could be right here. Cape Cal 27 broke down hard but held trend line and consolidation support we’d spotted. It is bouncing but rather weakly and is close to resistance starting at $25,000. This resistance extends to the contract high at $27,000. It is likely prices will edge higher but stall in the $25,900 to $27,000 range.”
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