We seem to be stuck between 0.96 and 0.98.... from the OBV...

We seem to be stuck between 0.96 and 0.98.... from the OBV indicator the buyers are still in control and more accumulation is taking place.....if it heads lower in the short term id look for support at 0.90 having once been resistance for so long now should be support....if it cracks 1.00 resistance it should head up to 1.10 rather quickly.






Description of the OBV indicator:On Balance Volume attempts to measure the level of accumulation or distribution by comparing volume to price movements. Volume is added to the indicator if closing price moves up and subtracted if closing price moves down. No adjustment is made if closing price is unchanged.