After a long downtrend, the commercials are already net long again, which implies a rising price. After a seemingly final shakeout, the price could make a recovery and higher low and now an inverse shoulder-head-shoulder trend reversal formation.
Target would be around 72 USc.
Target would be around 72 USc.
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Disclaimer
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.