„The sentiment is still negative in the long-term but in the next few days, we may be experiencing a small pull-back. Do not get overly optimistic though, for us, it is just a dead cat bounce. „
From 152 USD, in the next few days, we went to the 170 USD. That was a great call! Unfortunately for the buyers, 170 USD was absolute maximum and after reaching the blue resistance, the price went down straight away. Currently, the price is up almost 6% but it does not change our negative outlook. In my opinion, as long as we stay below the blue line, the sentiment is negative and we should experience a further decline towards the new mid-term lows.