2014 March high is tested, but RSI and (also other stochastic indicators) show signs of overbought situation.
A pullback and re-testing of 2014 maximum would lead to a new rising trend. At this moment, (following $120 rise without stop) uptrend seems exhausted.
Yesterday FED was dovish but not too much, with reservations for the next meeting. Need to watch outcome of FOMC meeting in July.
A pullback and re-testing of 2014 maximum would lead to a new rising trend. At this moment, (following $120 rise without stop) uptrend seems exhausted.
Yesterday FED was dovish but not too much, with reservations for the next meeting. Need to watch outcome of FOMC meeting in July.