Daily Channel and Trendline tell a story

٥ يوليو ٢٠١٤

Self-explanatory. The bullish channel is solid, with 4 touches on its lower edge, and 3 touches on its upper edge. The bearish trendline is also solid, formed by the two tops seen formed at 680 and 660, but also goes back to the February sideways and slanting bearish market.

Expecting retouch of 600, followed by a bullish movement to propel price toward 700.