$NEAR finally lost the floor.
Last night I said an hourly close under 4.28 points to 4.20 then 4.00. It sat on that 4.24 to 4.30 base all morning, then the 11:00 candle just dropped through it on the biggest volume in days. Low was 4.075.
Now its going flat around 4.10 under both EMAs, sellers still in control for me.
4.07 is the line now. Lose that on a close and 4.00 is next, then the Oct 29 wick near 3.91.
Only gets interesting for longs again if it climbs back over 4.24, then this whole dump looks like a trap
Last night I said an hourly close under 4.28 points to 4.20 then 4.00. It sat on that 4.24 to 4.30 base all morning, then the 11:00 candle just dropped through it on the biggest volume in days. Low was 4.075.
Now its going flat around 4.10 under both EMAs, sellers still in control for me.
4.07 is the line now. Lose that on a close and 4.00 is next, then the Oct 29 wick near 3.91.
Only gets interesting for longs again if it climbs back over 4.24, then this whole dump looks like a trap
