Price in this market is now meandering higher and looking to make a new test of the extreme highs and resistance level.
As the daily chart shows, the last time price tested this level we got a bearish engulfing bar and price sold off back lower.
This level looks key for this market and where price makes its next move.
If we can see price make a new break higher, then the trend could look to continue and start forming new long trading opportunities.
As the daily chart shows, the last time price tested this level we got a bearish engulfing bar and price sold off back lower.
This level looks key for this market and where price makes its next move.
If we can see price make a new break higher, then the trend could look to continue and start forming new long trading opportunities.
