Prices moved back up through overnight trading to test the 1055 level.   Yesterday saw some lighter volume and still closed down, on the 1044 support.  With another drop in volume today’s trading could see a possible retest of the 1060 levels, possibly even 1065.50 with an extreme high in at 1071.50.   To the low side we could see price move back into the 1044 levels, and with a end of week sell off and some commitment price could see a retest into the 1036.50 area again.  If the sellers have what it takes to push price through the 1036.75 area of support, I have 1020.00 as the next area of suooprt in the move down.   Let’s see who shows up today.  See you at the starting line!

After hours trading saw prices move quite a bit, moving all the way down to touch the 1037 area and then retracing back  up through the early hours of the morning to trade back to resistance in the 1061 area.  A 28 point range for overnight trading is a larger range than I’m used to seeing overnight.  Yesterday’s trading volume was about par with Tuesday’s (about 2.5M) and saw a test to the downside, with the daily closing in a hammer. 

Price could see a retracement today to the 1061, or 1066 levels, with 1072 as an extreme high target.  To the downside we could see 1049.00, 1044, and possibly a retest to the 1036 provided the sellers move in and are motivated.  I’ll see you at the starting line!

Another move to the downside last night, price moved from the 1049.75 close to test the 1041 area.  With some commitment price could move to the 1036.50, with 1019.75 next in line.  Should support hold price could see a retest of the 1049.50 area, then 1056 and 1059.50.  Still watching volume as a good way to decide on who takes it, increased volume yesterday saw prices move to the downside.  Let’s see what today brings.