2waytrading

Approaching Resistance

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The price recovered last year n did well this year. Now approaching May high which is very crucial level. The medium-term trend shows some life while long term trend needs to regain its momentum after it lost 38% but bounced and regained more that 85% of its retracement in this year.. The long term trend began mid last year and remained strong. Now, there is a moment of true if price regains this years high at and around $92 there is higher chance that we close higher this year. Watch 96.28 level as next resistance if we break 91.67 or 92.
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