Price action seems to suggest it.
Take a look at the daily chart below:
Today price has finally broken up to the upside.
However, take a look at the weekly chart below:
There is still another hurdle for price action to take out and that is the resistance established back in June and July of last year. And if today momentum continues on this week, it will be like cutting butter with a hot knife.
Fundamentally speaking, I’ll let you read this article and ponder.
Yes, I’ve already placed my bet on this one.
My 2 cents.Comments »