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Sma50 .0171 sma200 .0171 bang on. On Monday it will cross. I've be amazed if price doest react sharply to the upside. Very probably cyprus news Monday or this week sometime. Seem very likely some sort of mank update as well
We are currently at the median line of the current 'slow' uptrend having touche support at.15 early last week. Price would usually head off to test resistance (its half way there currently) which is high .02's so that is what I am expecting. Price currently in s ahort term uptrend which started last week and is thus supportedat around .19.. there is a very short term resistance at a similar mark around .195 so the price is caught in a wedge which looks to resolve sometime today, price could just sit at the middle price end of day forming another doji .. the like of which we have seen alot of recently, but i would say the pressure is on the upside with the MAs imminently due to cross. The 50 is .168 rising 0.001/0.002 a day the 100 at .173 falling 0.001/0.002 a day so you can see they are due to cross sometime this week. Patience is all that is required now
Support has always been staunch however, this is a very major resistance to break ie over .02/.022 so could take a little time as I have previously stated two golden crosses are nigh, however once this is broken its is clear blue sky the other side. Think of the price like champagne in a bottle with just the cork stopping it.
"How would an orderly market start up again as everyone would head for the exit"
Ask the Russians thier entire index is suspended
Frr only engage in court cases will will one. One down , one to go. Can anyone clarify the status of the remaining case with hope? Surely to criminality proved by the court would pave the way for a meaningful settlement to be carved out with creditors. Political pressure on marginal states to supply energy lost from Russia is greater than ever seen before. The UK just paid Iran 400m to bring Iranian energy back to market. Pressure on neutral states such as georgia but be equally high. Creating geogia as a net exporter would strengthen the country and aid the energy crisis particularly to germany without crossing any red lines. Putin will not like this but having upset every ex soviet country in the region with his brutal fascism the Georgians I would imagine will be very keen to strengthen thier ties to the west economically. Russia is overstretched and severely weakened economically, militarily and politically. Could politics lay pressure on the hope case to bring about rapid closure? Its really in no one's interest now to drag this out Hope could still become very rich from settlement, last I heard outrider was finacially as wrecked as russia
Also looking interesting. Whilst a new low was created from the downtrend since jan this downtrend has expired and has been followed but a strong move up forming a bullish engulfing candle on the longer term chart. 50 sma looks set to break the 100 in the not to distant future. The price is very much at value levels. The bottom could well have been hammered out here. One to watch.
The 50 will cross the 200 this week and the 100 will cross the the 200 the following week. Trading yesterday likely due to news coming on a Friday with shorter term traders choosing to play the price prior to these milestones and unwilling to take position before weekend. Longterm resistance such as this is likely to take some wrangling before breaking but looking very good imo