Overall long term chart is weak
short term it Has bounced well from its lows of 144 in early aug to 172 levels now
It is currently in a no trade zone.. I would wait for it to go below 167 where a down move can start. With stops at 176 we can expect a new intermediate downmove to take us back to 144 possibly.
short term it Has bounced well from its lows of 144 in early aug to 172 levels now
It is currently in a no trade zone.. I would wait for it to go below 167 where a down move can start. With stops at 176 we can expect a new intermediate downmove to take us back to 144 possibly.