By Peter Stoneham — Apr 08 - 03:06 AM
Impressive two-day rally and a major trend shake up
Came within striking distance of key res. 55DMA, 30DMA Bolli and cloud base
Herein lies a trade opportunity with a natural short stop above cloud base
However, damage to the underlying bear trend suggests strong upside risk
We lean bearish but have to respect the bias for now
Weeklies set for strong reversal signal: adds to bullish potential
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Source:
Refinitiv IFR Research/Market Commentary