By Zak Mir.
- Likely second leg to June – August rebound
- Extended April RSI uptrend flags recovery argument
- April trendline target towards $1,550
- 50 day moving average at $1,343 the buy trigger
- Rising 50 day moving average at $22.46 dragging metal higher after recent
- Bear traps.
- Rising June price channel targets $26 and is backed by RSI uptrend line from that month.
- August gap fill reversal could be deciding bullish factor.