is looking fairly bullish
now on the weekly chart as its RSI
and Stochastics are turning up from oversold levels, while the MACD
blue line appears to want to flatten. The first upside target is in the 1.63 zone, which is roughly where the 38.2% Fibonacci resistance level
kicks in. The current bounce occurred off the 50% Fib support level
. The 1.63 level is also near the 3 month downchannel
resistance, and a horizontal resistance/support line going back to 2012. Longer term, I`m still bearish
as the monthly charts point lower, to possibly a retest of the 2013 low.
Feel free to visit http://stks.co/h198G
for today's technical analysis
on $GC_F, $SI_F, $USDX, $EURUSD, $USDJPY
, $GBPUSD, $NG_F, $CT_F, $ZC_F, $ZW_F, $SB_F, $KC_F.