Short term short , Long term Long .

12 giu 2020

After reaching the support level of the trend line around 72.5 we had a pullback toward 74 levels, now I can see that we have a short term sell opportunity, however the trend is moving up long term, the 76.xx level is a major resistance level and previously before February 2020 it was the support level of a downtrend, so keep an eye on this level which a breakthrough could possibly occur to confirm the uptrend.