Short Newmont mining? Price to fall below $65.

Just like many of the other commodities, Newmont mining looks overextended and is starting to turn over.

Because of how quickly it ran, I think we're likely to see a violent snap back in price back to the February lows.

I can see price going to the $60 range before continuing up and/or retesting these highs as resistance.

تعليق:

Finally got that last move down. Let's see if we bounce here at the bottom of the structure or go all the way down to $39