Judging by the candle structure, the move higher (from the "gap" close) on 11-October has been rather choppy, with the 50-day MA now acting a resistance level and starting to roll over.
I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195.
Trade levels:
Short/Sell current levels at €206.40
SL: €210
TP: €196
I am looking for a break of the upward trend line to take the price back to it's 200dma which is €12 lower at €195.
Trade levels:
Short/Sell current levels at €206.40
SL: €210
TP: €196
Comment:
We got to within 20c of our target.