On Sunday night we broke through the resistance level which has held the market for the whole of 2016 (red dotted line)
The rally was halted by a resistance level dating back to February 2015 (lower dotted blue line)
If we can now stay above the red dotted level (2016 resistance) and use it as support, we could move further up to the $60 mark
The rally was halted by a resistance level dating back to February 2015 (lower dotted blue line)
If we can now stay above the red dotted level (2016 resistance) and use it as support, we could move further up to the $60 mark
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