Price has been rallying since its rebound from $1.16 the 261.8% Fibonacci extended projection. Next immediate resistance zone is $1.50 the 161.8% Fibonacci extended projection to $1.55 the previous price peak. Monitor 20 day EMA resistance line. Monitor gap support at $1.30.
Strong afternoon buying by BB pushing price higher.
Will the BB continue to support and push price higher with falling Baltic Dry Index and Dow Jones Industrial Index weaker closing on Friday? Trade with care.
Will the BB continue to support and push price higher with falling Baltic Dry Index and Dow Jones Industrial Index weaker closing on Friday? Trade with care.
No comments:
Post a Comment