The level is increasing by day for many months and weeks now.
My previous write-up has not changed. In fact, when markets are overdone, they usually run a bit further. After all, we are looking at a medium-term short, and now we are breaking carefully the last high, which was USD 910 (rounded). we may see a spike above it, for the reason it usually does. The medium-term correction is still expected USD 466, and a likely first stop at USD 590 area.
Strategy is still careful sell into this rally.
My previous write-up has not changed. In fact, when markets are overdone, they usually run a bit further. After all, we are looking at a medium-term short, and now we are breaking carefully the last high, which was USD 910 (rounded). we may see a spike above it, for the reason it usually does. The medium-term correction is still expected USD 466, and a likely first stop at USD 590 area.
Strategy is still careful sell into this rally.