Yesterday we saw another rejection at the 4700 level. There are currently lack of buyers in the this region and I think many are starting to feel that it has been overbought. Will see if this bearish trend continues in the overnight, and if it continues to be below the 4680 level, we might see yesterday's low being tested again at around 4663.25.
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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.