The 50ema has only passed thru the 200ema once in our history back in early July 2016 and it went on to challenge its all time highs around 45c from 16c at the time it crossed.
Could we be about to witness its second crossing soon? We need a sustained rally through 6,8 and 10c followed by a completion of the third wave into the mid 20’s and it could get electric.
Bring on the awards and some new orders.
BLG chart, page-273
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