Spending more time below 104.00
A little bit softer now..
A little bit softer now...
A little bit softer now...
Kinda like the scene from Animal House with the song "Shout"
The pair is spending more time below the 104.00 level. The low extended to 103.80. The swing lows from June 16 were 103.74 and then 103.54.
The price is back up to 104.00 area.
Technically, watch 104.05-07. The low on Friday was 104.07. The 50% of the last leg down from 104.31 comes in around there. IF the sellers are grinding a little softer now, the buyer have to show they can take back some control. Even the minimum - like getting above the low from Friday. If they cannot, who is in control? The softer side traders..
Reminder from the weekly chart... below these old levels...
