Rotation around POC as centerline is an appealing support level for traders on an overlay basis. If the centerline of the ascending channel is violated expect a balance in 29.60 to be the next support. If the 29.60 balance cannot be held, expect 26.31. We want to watch how far do traders push price from POC, then find extreme and revert to mean. This could all be encapsulated in the channel. Thus, lower channel rail is plausible.
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