In a down trend. It may come up to $81 before resuming the downward trend.
A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.
A directional rebound would likely see retest of the $75 level. We haven't seen that. Thus, this isn't a reversal but a temorary bounce off the lower trend channel.
Trade closed: target reached:
Covered at $76.50.
