The price is likely to attempt a trend reversal. A large white-bodied candle has appeared. Its appearance near the crucial double bottom support and its occurrence with large higher-than-average volumes adds credibility to the support levels of 180-181. Also, for the last two months, RSI has shown a strong bullish divergence against the price.
US markets fall as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate