This is looking uncannily similar to last year's price action during the same time-frame, only with greater upside bias and magnitude in price movement. The percentages swings are still close.
I think it's now rather obvious that, as your estimation of the next major price level, $35/oz was to be held in check at this point.
My thoughts are a short-term low within the next two days followed by resumption of the upward trend.
This is looking uncannily similar to last year's price action during the same time-frame, only with greater upside bias and magnitude in price movement. The percentages swings are still close.
ReplyDeleteI think it's now rather obvious that, as your estimation of the next major price level, $35/oz was to be held in check at this point.
My thoughts are a short-term low within the next two days followed by resumption of the upward trend.
Nice chart and comments.
ReplyDelete