The commodity is currently in consolidation with multiple failed break outs around the $30 psychological price point.
On the Daily, Price is well above the 200 MA and if current Market momentum is anything to go by, it seems the bull run is far from done.
My Sentiments :
The $30 Mark is currently the greatest upside resistance at this point. A break above it indicates more bullish confidence. and we could witness the commodity price go up to $50 and further
On the Daily, Price is well above the 200 MA and if current Market momentum is anything to go by, it seems the bull run is far from done.
My Sentiments :
The $30 Mark is currently the greatest upside resistance at this point. A break above it indicates more bullish confidence. and we could witness the commodity price go up to $50 and further