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Liukely to keep dropping to 62 according to price pattern, short term trend & seasonality.
Likely to breakout of the bull flag soon. Price action is bullish and risk markets have already broken out.
Risk in on the longs here. Can get 1 more leg up max then should go lower
Likely to pullback short term
Will start going lower tomorrow and will have a big run down below recent daily chart support.
Likely gathering energy for a run up
One more leg down then up
If it flags, could be a short opportunity
Bearish 5 year seasonality + commercials selling hard + price starting to make lower lows + overbought
Should keep sliding lower after one or two more legs up. Seasonality pointing lower and trend is clearly bearish. But it is not overbought enough yet.
Likely to pullback soon
Potential target 1.17
There is plenty of room for more downside
Likely to pullback then bounce hard.
Coiling in tight range after a big green candle, should continue higher.
Price is likely bottoming