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Bo092016 weekly

Bo092016 weekly

on a weekly basis the trend however remains up.
1) the MACD is in bullish mode
2.) we are above the 50MA
3.) we are above the 21MA
4.) we above 13MA
5.) we are above the 9 MA and the 9MA crossed the 13 MA, which is bullish
considering also the record large short positions of commercials we would say that we are rather having a potential bullish reversal environment. However as the daily chart shows a bearish picture, it is only a question as to when to step in into it (perhaps after the bearish picture disappears on the daily chart )