Historically, when we pull into the lower zone, it’s pulled out of it very quickly. Personally I don’t think by any means we’ll see that recovery this week given the reason for the sudden drop. Whether it’s market manipulation or some hawkish fed comments.
My personal stance is that we will see it hover in the 845-850 range and then see a push back to test the high.
I don’t think our government would allow it to totally crash down to the 700 range, election year being the main reason.
My personal stance is that we will see it hover in the 845-850 range and then see a push back to test the high.
I don’t think our government would allow it to totally crash down to the 700 range, election year being the main reason.