Each day the red parallel line isn't breached, the higher risk of the price re-testing $100-$150 USD.
Watch this level, nevertheless we're still trading sideways at the moment. A solid break below 1300~1400 CNY is a clear signal of doom ahead.
My bias: bearish
Watch this level, nevertheless we're still trading sideways at the moment. A solid break below 1300~1400 CNY is a clear signal of doom ahead.
My bias: bearish