We had to back out to the 1D to get a more clear picture. We have an ascending trend line with numerous reactions. We have come down to that point as well as being oversold on the RSI. If this dips below, I’d want to see it come back to test before heading further down. Or, it could easily reverse to head back up.
Norway is using part of their huge oil fund money to buy up the NOK. this is the opposite of all other currencies and countries in the world right now.
It might do some small bounces, but eventually i can see it go below 8.
It might do some small bounces, but eventually i can see it go below 8.