The forecast hybrid week May/June: Bull
This assessment in no way considered financial advice.
The Bull candle of this week clearly broke last week's candle. Although the trend is down facing there is a ranging motion visibly seen. The is good potential for the next week to also produce a Bull candle. The volume was lower and I suspect next week will be lower again. The OBV has a support line formed while trending sideways. Probability Bull.
Looking at the daily chart and we can see that Monday broke and closed above the trending resistance line. Tuesday through to Thursday equalised before Friday smashing out another Bull candle to finish off a good Bull week. The next resistance price is 72.5 which indicates there is a good chance of it attempting to head to the price. Probability Bull
This assessment in no way considered financial advice.
The Bull candle of this week clearly broke last week's candle. Although the trend is down facing there is a ranging motion visibly seen. The is good potential for the next week to also produce a Bull candle. The volume was lower and I suspect next week will be lower again. The OBV has a support line formed while trending sideways. Probability Bull.
Looking at the daily chart and we can see that Monday broke and closed above the trending resistance line. Tuesday through to Thursday equalised before Friday smashing out another Bull candle to finish off a good Bull week. The next resistance price is 72.5 which indicates there is a good chance of it attempting to head to the price. Probability Bull