Just moved the resistance line on the chart to 54 cents, the highs for the recent prior price action. So we have breached 54 cents and settled back to test it which is not unusual.
Breaking out from this region is obviously not a push over with supply still popping up. At this time around 11-30 with the more frantic price action from this morning settling down it looks a bit like the price action has settled into something similar to the past few days except the zone it is now 54/54.5 instead of 53/53.5.
This chart shows the 130K dump inspired kangaroo tail. You can see that we still have some work to do but the signs are promising - the pressure seems to be building.
Daily snapshot around 11AM
Just moved the resistance line on the chart to 54 cents, the...
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