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- Last Update: 25 May 2018, 13:50
I still think UWT might get as low as 26 to make a square channel, but that would need oil to go a bit lower.
$Gold found support at the long term trendline on the daily but with shadows below the trendline, I'd wait to see if it can reclaim 1325 before making any bold moves. It still remains to be seen whether it'll find a new uptrend or break below long term support at roughly 1285.
XBI should head back up next week and I think LABU is probably looking at around 100-102 before LABD becomes viable again.
Just my guesses! Good luck to anybody that reads this.
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