This may be a bit premature as we don't yet know where the current 4 hr
candle will close and the stochastic
has not yet rolled over. However, it appears that divergence is setting in along with a possible double bottom
indicating a potential reversal. Bulls are currently putting up a bit of a fight around 360. This, coupled with uncertainty in stock markets could bring renewed interest. Should the current action hold over the next several hours, I will be looking to enter a small long and add when (and if) there is a break of the MAs.
All bets are off if price breaks 356 and no rollover on the stoch