The quotes moved within a descending channel. In November, there was a top-down breakout, but now the price is trying to get back into the channel. If it succeeds to do so, the upward motion might shift to the upper border of the channel, which is now located at 19.4. If the price bounces down from the channel’s border, there might be a renewal of the year-long minimum of 15.66
This content is for informational purposes only and is not intended to be investing advice.
