Moving along what we have been watching and expecting. Note the bearish evening star DOJI, followed by 4 days of brief downtrend last week. The uptrend continued shortly thereafter. Now, we are at $107.7. The candlestick pattern looks like dragonfly doji, which could be bearish. If bearish, this is expected to be short term, lasting a couple days or so. The MACD and RSI both broke the resistance line, suggesting that the bullish trend will continue. Stay tuned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.