As my post yesterday, chart shows too much overbought that sp drops nicely today. The CMO has crossed below its 9-day moving average. This is a bearish sign. Test Fib :
Maybe slowly down to 75c to complete 61.8% retracement, who knows. Chinese talk but not sign yet. Moly price is still low, not easy for big refinance. I can be right and WRONG too. In 92/94c out again > $1.05.Good luck.
MOL Price at posting:
97.0¢ Sentiment: None Disclosure: Not Held