By Peter Stoneham — Dec 13 - 02:45 AM
Short trade close to its stop level but price stalling ahead of 138.00
Without a close above 138.00 the downtrend from Oct risks resuming
trend resumption would target 132.55/46
However, Mon's close above 13-DMA, first since Oct, hints at gains
A minimum correction off the 151.94-133.62 drop was removed at 137.94
Overall, our short is increasingly at risk
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Source:
Refinitiv IFR Research/Market Commentary