Now that we've made new near-term highs of 12c, I've adjusted my support levels slightly. Both the green zone and the red zone are healthy support areas, obviously the former is more bullish but the red zone would mean we would close that gap which would be nice.
Given Friday's bearish engulfing candle, I'm now slightly more bearish in the near-term, I think some nice entry opportunities will present themselves this week.
Don't get me wrong- this is good news, we need this reaccumulation zone to sustain the push through the 12-14c resistance band. Then, it'll be smooth sailing to 24c
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