Hello & welcome to this analysis

In the monthly time frame its holding onto a rising trendline making a higher low & higher high pattern.

Failure to sustain above 8.50 could lead to further downside towards 7.25 - 5.75.

In the daily time frame its forming a divergence which requires it to sustain above 10.50.

Next big resistance at 12.50 then 14 and 16

Happy trading / investing
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