By
The range has been formed by the 76.4 percent and the 61.8 percent Fibonacci projection levels of a wave c, the third wave
of a three-wave cycle that developed from the June 25 high of $106.64.
A break above $98.53 will open the way towards the 50 percent level, while only a fall below $97.37 could confirm the continuation of the wave c towards $95.49, the 100 percent level.
The views expressed are his own.
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