The white metal is overall in a bearish trend, but price action is consolidating between 29.9 and 28.7. The metal may drop if it fails to break through and stabilise 29.9 in search of bullish pressure again. Alternatively, if the price action does fall, it may try to break through 28.7 and stabilising under this zone will see continued downward pressure.
Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.