Since last month BIL
has been pushing the overbought trend line
(See last months tracking of BIL
in the link below). It is now trading in a range with continued tests of the highs. There is multiple divergences between price and the Volume RSI
indicating a possible break back to the oversold line. A second set of double tops can be seen. After a drop
on the second test a move to the resistance line of the range a then to the oversold line of the trend is expected.