No change in view.
We are again in a range once again, but drifting higher slowly. The fundamentals suggest we should see higher short-term due to the ongoing crisis and affects of it.
Technically we could see 14.50-14.75 > 15.50-16.00. I prefer to be medium-term seller and not playing a short-term upward strategy due to cost factors.
The ultimate move medium-term will be 10.50 - 9.00 even difficult to see at this point in time. The market is long and requires correcting for the medium-term positions.
We are again in a range once again, but drifting higher slowly. The fundamentals suggest we should see higher short-term due to the ongoing crisis and affects of it.
Technically we could see 14.50-14.75 > 15.50-16.00. I prefer to be medium-term seller and not playing a short-term upward strategy due to cost factors.
The ultimate move medium-term will be 10.50 - 9.00 even difficult to see at this point in time. The market is long and requires correcting for the medium-term positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.