4H Chart - Price Key Points:
- Average support at approx $6308.
- 200MA resistance at $7209.
- 20MA, 50MA and 100MA all downward sloping.
- Indicators signal a possible temp bottom.
- Buying volume evident
- Market attempting to stabilize.
Possible Scenarios (unchanged) :
Long: On a confirmed break above $6584 – Price Target $6804 | Probability: 30% | Signal Strength: 2/5
Neutral: Price Range $6370 - $6584
Short: On a confirmed break below $6370 – Price Target $6064 | Probability: 41% | Signal Strength: 4/5
Our Stance: Speculative longs.