Looking at the chart today I must say that I feel we may be...

Looking at the chart today I must say that I feel we may be getting close to the end of the drop in prices.

The thing about "gaps" is that they work both ways, up and down.

With basically three, and close to four consecutive gaps down now we are approaching exhaustion of the down gaping trend, or at least let's hope so anyway.

Gaps usually fill on the way up as well as down and so in conjunction with the line chart now showing a handle to the previously mentioned cup, then we could be in for a much better time soon.
I would have liked to see a deeper handle to the cup but we will take what we can get.

The moving average line is also flattening out when a couple of days ago it looked like it was steepening down.

Down days still out number up days at the moment and down days tend to have much more volume.

I am not willing to bet on it yet but there is certainly reason to be optimistic.
I would definitely call it if we had gotten back into the low 6c range.

I would like to be more comfortable with this call as I feel it is a bit early because of the still open gaps in the 6c range.

GLTAH especially me. lol

Lockitt