While I would initially admit this does look like a reversal might be imminent, the recent bullish divergence being shown on the RSI has now been broken by last weeks slide. If you draw a trend line along the 4 previous lows of the RSI, you’ll see that it broke through either on Monday or the previous Friday (I’m looking at this on my iPad only so can’t tell exactly, sorry). Either way, I’d be very wary of trying to go long on this at least until the RSI, is able to push back above 60
faiz16
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@TradingHarmony, So far its acting stubborn and it must go past 1.28 resistance. Lets hope for the best mate!