No change in view.
We are long @ 94.00 with the idea we will see $ 105-110 again short-term, and perhaps we manage to revisit $ 120s.
The bottoming candle, and looking at the sharp decline, it feels we may see higher levels as suggested.
The strategy is still BUY $ 93-96 for a move to $ 105 profit order for now. I would add BUY lower $ 87-89 for now. The overall base is likely around $ 75 and for those wishing to place stop should place it below that for comfort.
We are long @ 94.00 with the idea we will see $ 105-110 again short-term, and perhaps we manage to revisit $ 120s.
The bottoming candle, and looking at the sharp decline, it feels we may see higher levels as suggested.
The strategy is still BUY $ 93-96 for a move to $ 105 profit order for now. I would add BUY lower $ 87-89 for now. The overall base is likely around $ 75 and for those wishing to place stop should place it below that for comfort.
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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.