My take this weekend on charts -
Rather telling that a decent announcement and a decent hike in the POO was sold into on Friday.
We also now have a downside crossover on the daily chart - never attractive.
DAILY - RSI about 35, MOM 0%, closed below squeezed Bolly bands, MCD still in minus but improved and DMI is green with ADX on about 30.
WEEKLY - RSI about 57, OBV a hair above 1477k and MOM back to 0%, MCD a little further down this week,
CCI fallen to about +50 and DMI green with ADX about 50.
MONTHLY - hardly changed.
Best I leave this to the pip traders before I add. Stay well and kindly spare me the abuse. It is what it is.
I'll leave it to others to post actual charts thanks all the same.
Chart, page-2934
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