Possible test on resistance to continue downtrend.
Comment:
Yesterday gap touched the 200 ema daily and went to touch the bottom of the box. I expect to go to the 200. There it can go to our target zone or reverse hard. Use proper risk management
Comment:
Positive news from inventories is pushing it up but its respecting the 200 EMA on the 4hr below the 62.50 resistance.
Comment:
Price is now at a important level (weekly support 60.22) where the 200 EMA is.
Comment:
Broke the 200 EMA. Free fall