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Still considering invalidation of neutral-bullish trend only below 98.5 - 97 at closing
Posted by Sagal
on October 5, 2019, 10:19 am
The TA situation is critical, but I still consider that above 97 and more particularly above 98.5 at closing it is still possible to reach 110 or to stay in the range 97 - 105.
The above-mentioned levels are 2 different Fibo retracement at 68.2% (97.1 was as well where the last bearish attack was stopped recently)
Weekly the situation is as well bad but not as bad as the daily one. Some MA are still holding or are just breached and three line break is holding.
I attach the daily view.
My analysis of the COT is the same than the 3 previous weeks, nothing specific to note.
- Still considering invalidation of neutral-bullish trend only below 98.5 - 97 at closing - Sagal October 5, 2019, 10:19 am
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