we are still moving inside a descending channel in spite of the bull's efforts to regain the 70s.
I remain bearish with the same target in sight. Bears need to break below current levels to go all the way to the next support around 62.5$
Bulls need to consolidate above 72$ and break above the descending channel to head higher, something that looks quite tough from the fundamental point of view and its seasonality.
My two cents. Cheers.
I remain bearish with the same target in sight. Bears need to break below current levels to go all the way to the next support around 62.5$
Bulls need to consolidate above 72$ and break above the descending channel to head higher, something that looks quite tough from the fundamental point of view and its seasonality.
My two cents. Cheers.