Weekly support and the 50% retracement come in at roughly $116.00. If this upside move is to continue, it should hold that level, in my view.
I will be looking to buy around that level(116). The gold miners(GDX) are in a similar position, chart coming shortly.
I will be looking to buy around that level(116). The gold miners(GDX) are in a similar position, chart coming shortly.
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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.