Morning Update: Can we make it to the Danger Zone
This is not a nod to the 1980's TOP GUN movie.
This morning as it write my update we are getting that selling reprieve I discussed yesterday. My sense is this could last a couple days...but it's early. There's strong resistance at $103.60. If we can make it over that we have to contend with the $106-$107 area...then we have $111.
Based on how price has acted this week it would not surprise me if we got to the danger zone...but it's highly unlikely we're going above $111 just yet. Today should be a day with upward pressure to consolidation. See you all tonight.
Best to all,
Chris
This morning as it write my update we are getting that selling reprieve I discussed yesterday. My sense is this could last a couple days...but it's early. There's strong resistance at $103.60. If we can make it over that we have to contend with the $106-$107 area...then we have $111.
Based on how price has acted this week it would not surprise me if we got to the danger zone...but it's highly unlikely we're going above $111 just yet. Today should be a day with upward pressure to consolidation. See you all tonight.
Best to all,
Chris
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.