This powerful rise has been reflected by the bullish tone of the Keltner channel and supported by the 13 day ema and by distinct Marabuzo lines.
This week the upside has stalled and the market attempt to profit take. This has resulted in volatile but trendless trading but the 13 day average is coming under threat and the support of the Marabuzo line from May 15th, 25.950, is becoming ever more crucial.
Certainly worth keeping an eye on from a closing basis perspective.
That's it from us for this week - here's hoping the weather is kinder this bank holiday weekend than the current wet, windy miserable outlook from my office window.
Enjoy.
No comments:
Post a Comment