FIS Technical – SHFE Rebar Jan 18

FIS Technical – SHFE Rebar Jan 18

A bearish rejection candle last week and price 20% from the 34 period EMA would suggest that the weekly chart is starting to look over extended. However the trend remains bullish until a lower high forms, at this point any downside move should still only be regarded as corrective.

rebar 13-9-17

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