Technical factors are ‘playing out’ currently

‘Then the tool has returned to flat, so we’re waiting for the accumulation to continue,’ the expert notes.

‘Taking into account the current dynamics, it’s worth assuming that as there was a liquidity seizure of at the bottom, asset prices will strive to go up and we’ll see growth continuation,’ Mark Sorokin says.

Fundamental

‘Technical factors are playing out now, so you need to monitor carefully how the market tool’s price acts at the boundaries of the key resistance range. Any moment the seller can prove himself and send the price down,’ the expert summarises.

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