2) The positive recovery has been preceded by a indication between the price and STO indicator.
3) A rebound off as a result of medium-term reversal from the strong of USD46.64, has been supported by STO oversold crossover which further accentuates the resumption of prior trend to form a new base.
4) The price just recently penetrated this strong and it is expected the price to be struggling to break out above USD50 (Immediate key psychological resistance) despite of the positive momentum as demonstrated in the and rising combined 20&50-EMA.
5) If the price breaks above this critical resistance, the next medium-term targets shall be:
a) USD54.84 ( target price which confluences with 61.8% extension)
b) USD60 (Second key psychological resistance which coincides with 78.6% extension)