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With earnings season looming, supporting and resisting levels play an especially important role in Dryships market. The price has broken above short, intermediate, and even long-term downtrend resistance, in the month of April. Long or short, the encouraging news, key events and signals, are described in the technical analysis that follows, in video format.
what it does show my friend is don't put a lot of faith in trendlines. Jezuz man the things trading at 4 bucks today. that being said I bought the ung about 2 mths ago, it broke some overhead trendlines as well but it is now at its bottom again.
pipercolt1963 9 months ago