I strongly believe that we are going at the very least towards $6500.00 for now. Although, I would not disregard the possibility of hitting a little higher in the meanwhile ($12500.00 area) but I doubt it.
Jean
For me, the data has now changed. $6500.00 does not stand anymore. $8000.00/$7900.00 area would be more appropriate for longer term support IF WE EVEN GO THERE meaning we could stop GOING DOWN anytime NOW. On the upside, ( $14500.00 to $15500.00 at least for now in the short term) would be strong resistance. As of 09:03 March 14.
I strongly believe that we are going at the very least towards $6500.00 for now. Although, I would not disregard the possibility of hitting a little higher in the meanwhile ($12500.00 area) but I doubt it.
Jean
For me, the data has now changed. $6500.00 does not stand anymore. $8000.00/$7900.00 area would be more appropriate for longer term support IF WE EVEN GO THERE meaning we could stop GOING DOWN anytime NOW. On the upside, ( $14500.00 to $15500.00 at least for now in the short term) would be strong resistance. As of 09:03 March 14.