We may derive the following from the Daily VOD chart:
1. Price made a good break out of the major weekly downtrend.
2. However, the new uptrend failed to sustain itself, keeping in mind the recent fundamentals.
3. At this point, price may find support at the 110 level.
4. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price made a good break out of the major weekly downtrend.
2. However, the new uptrend failed to sustain itself, keeping in mind the recent fundamentals.
3. At this point, price may find support at the 110 level.
4. Wait for an opportunity to present itself. And as always - maintain your risk.
Note: The views provided herein do not constitute financial advice.