My charts originally had the trend support where you have placed it. However, once a trend line is broken I often move the line to adjust the trend support - the result is then as per my chart.
It will be very interesting to watch developments over the next week or so. IMO a break to below 43c would be stunning with PH now on the horizon, zinc apparently stabilising, interest rates plummeting & the $Aud so low relative to the $US.
Then again, Mr / Ms Market could not be diagnosed as being rational & is answerable to no-one!
4YIO - NFA
OZL Price at posting:
$5.95 Sentiment: LT Buy Disclosure: Held
