VALE over-extended trading well above the 200 day moving average with significant PUT open interest. Rejected from the 1.618 fib line last week. Expecting a correction back to $11.70 support in the medium term.
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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.