BKT under pressure along with the broader market as risk off pushes through + markets waiting for further central bank stability measures to be announced.
Make no mistake the measures announce yesterday are very positive for commodities in the short / medium term, as displayed by the price action in gold / PM's
Worth seeing that the XJO is printing an oversold reading on the RSI, as too is BKT touching the 12c support level.
Can pricing move lower from here in the short term, sure
Does a period of higher prices follow oversold prints in the short to medium term, yes, this is evidenced in the charts each time the RSI prints at these levels.
BKT Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
