2014 March high is tested, but RSI and (also other stochastic indicators) show signs of overbought situation.
A pullback and re-testing of 2014 maximum would lead to a new rising trend. At this moment, (following $120 rise without stop) uptrend seems exhausted.
Yesterday FED was dovish but not too much, with reservations for the next meeting. Need to watch outcome of FOMC meeting in July.
A pullback and re-testing of 2014 maximum would lead to a new rising trend. At this moment, (following $120 rise without stop) uptrend seems exhausted.
Yesterday FED was dovish but not too much, with reservations for the next meeting. Need to watch outcome of FOMC meeting in July.
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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.