Expecting a move back up to 156. and even a break upside of it long-term, making us consider the 164.-165 area ( even the 180.if ) . Not looking for any sell long-term unless would break back under the 150-155. area. Still expecting some retracement to 140. before could do this
so basically if breaks under 150.; next target 140.
if break upside 155.; next target 156. ( then if break upside; next around 158.-160.) and it goes....
Monthly;
• Back in August'15 touched 195. And supply took over bringing all the way down the price under 156. On heavy supply.
Stayed under the 155. And especially 150.
• Only on last April did again made an attempt to break upside 155. ever since December 2017, and opposite to that last time it is for now maintaining upward the zone and showed two times some absorption of supply at the touch of the zone.
so basically if breaks under 150.; next target 140.
if break upside 155.; next target 156. ( then if break upside; next around 158.-160.) and it goes....
Monthly;
• Back in August'15 touched 195. And supply took over bringing all the way down the price under 156. On heavy supply.
Stayed under the 155. And especially 150.
• Only on last April did again made an attempt to break upside 155. ever since December 2017, and opposite to that last time it is for now maintaining upward the zone and showed two times some absorption of supply at the touch of the zone.