$WLD extended its 1-hour recovery bounce to trade at $0.5500, rebounding sharply from its recent local lows near $0.4600.
Price is approaching an overhead supply zone between $0.580 and $0.590, while a key lower demand shelf rests around the $0.485 – $0.495 region.
The technical outlook favors a corrective pullback into the lower demand zone to retest support and sweep resting liquidity before any continuation toward higher resistance.
#WLD
Price is approaching an overhead supply zone between $0.580 and $0.590, while a key lower demand shelf rests around the $0.485 – $0.495 region.
The technical outlook favors a corrective pullback into the lower demand zone to retest support and sweep resting liquidity before any continuation toward higher resistance.
#WLD