Price has failed to make a meaningful break below support forming a double bottom. Bullish divergence on the RSI suggests a move north on balance of probability. Nice risk reward set up to watch this coming week.
As last week, I am taking measure of double zero 3.000 to function as a resistance.
However, Please be aware that the low price is rising and it is a price move that has not given up trying to penetrate double zero 3.000 above.
But, at the moment, I consider a short as judging that double zero 3.000 has functioned as a resistance.
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1) It was judged...
ORANGE JUICE IS APPROACHING A KEY HISTORICAL LEVEL AT 200§
FIRSTLY WE LOOK AT THE MONTHLY WITH A 30 YEAR SPAN, AND WE NOTICE A TRIPLE TOP HAS ALREADY OCCURRED THE FIRST TEST F THIS KEY LEVEL BEING IN THE LATE 80S THE NEXT TEST BEING A PRE 08 RALLY THAT OCCURRED BEFORE THE MAJOR CRASH BACK THEN
EACH TIME WE APPROACH THIS LEVEL PRICE RETREATS STEEPLY