No confirmation on support level whatsoever ? it seems like the rain is coming back for a while and we will need to be wet before we are touched by the western sun again.
I wish I haven't had closed my short position on the perception of wind changes. At the moment I have no indication of where this puppy is going. I fear that if it breaks the $1 floor once again it will take sometime to come back to life.
For now I believe the wise option would be standing on the sideline and try to figure out if the $1 support level is going to resists or we will find support on the $1.10 mark.
Hopefully we will get more certainty by next week after some bumping trading.
Good luck
burnt again
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