G'day B2,
Have to agree that the Ox is looking likely to move up.
On a weekly time frame it has been in a down sloping channel, but this has intersected with the long term upsloping trendline. It also gave a nice white candle with a long lower tail week before last, and price action moved higher for week just gone. My take on it is that the ox has been moving more or less sideways (Ok down from it's 3.82 peak) to touch the long term trendline without falling beyond the 38.2% fib retracement line. I think that a break above $3-10 is a very powerful sign that the upwards trend is resuming again.......
Cheers
Commy
OXR
oxiana limited
