Inventory number breaks downtrend since Sunday
We have had a steady and well defined downtrend since the bullish news on Sunday
Today's inventory number was lower than expected creating a spike above the downtrend
Depending on how this spike holds above the downtrend line, we may have continued moves to the upside
Today's inventory number was lower than expected creating a spike above the downtrend
Depending on how this spike holds above the downtrend line, we may have continued moves to the upside
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.