Ran out of steam for a moment now it seems, despite Silver holding and pushing up there's too much supply from both those who bought on this recent dip, given USL was just at 17.5c-20c and then now being at the last CR level at 27c some supply from staleholders coming out.
Needs to soak this supply before pushing up.
MACD negative divergance on the Hourly showing that exhaustion; price rising but MACD failed to reach the same heights or more as that first spike and a double top of the MACD just before that.
Bots now very active too, so there's added interest in USL, prop bids appeared and were removed when selling occured into 25.5 and most of 25.5 was pulled not sold into as well.
Back test of 23.5c would be a healthy pullback and bounce off that new support level before pushing on.
See how it plays out especially with Silver coming to the end of the month contracts.
USL Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
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