Here is the latest weekly chart. Why do I use the moving averages I do? Today shows a perfect example. Note how the weekly high and low responded to the; respectively, short (red) and medium (blue) moving averages.More important is the fact that the weekly chart has now closed below the weekly TDST Support line value of 1069.30. This indicates that the trend is now down on this timeframe and a short trade will be called for on a break of 1044.50 (the low).
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