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Target zones for shorting
Zone 1: 53.6x/7x down to 52.2x
Zone 2: 54.2x/3x down to 51.1x
A burst above these zones could take us to 57 again.
Price failed to break over the 50MA and the resistance area today. Watching the daily candle closely. Could be a good entry to short for 1-2 dollars.
The H4 Stoch is slightly in the overbought area. EIA results today may give the needed push to break over the resistance area .