Last week, we forecasted the price to make a pullback and break the $77 top once more. Instead, it dropped without looking back. For next week, we expect the price to consolidate underneath the resistance, before resuming the bearish trend, having a great chance to break the $65 low. Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.