The general uptrend continues, but there is some healthy pullback after last Friday’s strong +4.58% uptick in prices. It also reached an all-time high of 160.00 last week. The indicators continue to show strong bullish momentum, especially the DMIs. Meanwhile, the RSI slightly eased from the overbought territories. The MACD is also on strong buy signals, but the histograms are relatively muted.
Buy on pullbacks
Weekly target: 159.00
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