I can't see anything happening in a straight line... So all good,,, Probably a little academic for me...
Next point of technical resistance around 26, then 27 (26.95 from March 2022) ,, then maybe your retrace? Maybe straight to $28 ?? Looking at the last green arrow,, it didn't really stop there either on the next leg in May, ,,, Looking at a possible channel maybe 28 before retrace, even...?
You could argue a lot of options here... POS and POG rarely follow the classic TA patterns.. Too many people messing with paper, and geopolitical goals.. with their own agendas, and rules.. I'm happy if it stays in that channel,, but I think we have a little more to run on this leg up. I'll make a guess minimum 27max 28... but I'm often wrong !!!
IVR Price at posting:
5.5¢ Sentiment: None Disclosure: Held
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