Hi Guys,
I was doing some extra analysis on my active trades over the weekend, my system is a version of the turtle strat so i have no real take profit, because of this im looking for longer term support/resistance and areas where price may stall or reverse.
I have noted that on the monthly chart we have just broken down from a trendline dating back to January 2009, if we close this week (and by extension this month) below this trendline then i can see a fall to horizontal support at 76.70
I was doing some extra analysis on my active trades over the weekend, my system is a version of the turtle strat so i have no real take profit, because of this im looking for longer term support/resistance and areas where price may stall or reverse.
I have noted that on the monthly chart we have just broken down from a trendline dating back to January 2009, if we close this week (and by extension this month) below this trendline then i can see a fall to horizontal support at 76.70
Comment:
we respected the trendline, i will be looking for some long from here probably
Comment:
Trendline still holding