Enter your emailLooking at this chart, it looks to me like the recovery has been very strong, and I think the momentum will continue to pick up.That is a very good sign and it looks as if we are ready to break out. That being said, we will have to see how this plays out due to the fact that there are a lot of questions as to whether or not the lockdowns are going to be an issue.
If we do pull back from here, I think that the $73 level should offer a certain amount of support as it had been previous resistance, so “market memory” could come into play. If we turn around and break down below the $73 level, then we may have to reset at much lower levels, but right now that does not look like it is the most likely of outcomes.
Looking at this chart, it looks to me like the recovery has been very strong, and I think the momentum will continue to pick up. Over the next couple of days, I would anticipate more of a back-and-forth type of situation, but by the time we get back to work in January, we could go much higher.
Source: News Formal (newsformal.com)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: enews - 🏆 466. / 52 Read more »
Source: trtworld - 🏆 101. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: fox13 - 🏆 550. / 51 Read more »