
- From March 2018 to Sept 2018, a long term downward channel has been established
- In June and July 2019 this year, for the first time it tried to go above the supply line
- And it becomes very clear that in July 2019, there is no sufficient demand to sustain this move and so it dropped back to the current trading range of 1600-1590
- Therefore the bear is still in control now
- We need more evidence to assess if a change of behaviour is happening
Tags: fbmklciNo Comments
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.