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.
All bets are off if price breaks 356 and no rollover on the stoch.