Monthly chart showing weakness with the trend bearish
, price broke under the $100 round number and has support at key $90 pivot
level which has acted as both support and resistance
several times. Weekly chart is bearish
making LL and LH as well as trending under the 200 weekly ema
. The daily is trending strongly with several unfilled gaps down showcasing weakness. Waiting for a break below the recent swing low at $93.59 and break and close of key $90 level before considering a starter short targeting the $40 level. One to watch in the next couple of months!