As my post yesterday, chart shows too much overbought that sp drops nicely today. The CMO has crossed below its 9-day moving average. This is a bearish sign. Test Fib :
Fibonacci Calculator
High: 1.165 Low: 0.50
Retracement
23.6% = 1.00(done)
38.2% = 0.91 (done beautifully)
50.0% = 0.83
61.8% = 0.75
78.6% = 0.64
100.0% = 0.50
Maybe slowly down to 75c to complete 61.8% retracement, who knows. Chinese talk but not sign yet. Moly price is still low, not easy for big refinance. I can be right and WRONG too.
In 92/94c out again > $1.05.Good luck.
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