Interra Resource Ltd – Daily timeframe (Update from 14 July 2016)
Current Sentiment: Bearish
Support 1: 0.060 Resistance 1: 0.070
Support 2: 0.056 Resistance 2: 0.078
The strong surge in price since 20/09/16 was heavily rejected by the 0.070 resistance area once again, keeping the long term downtrend intact.
The bearish rejection on 05/10/16 resulted in price forming a shooting star with greater volume indicates a move back into the downtrend.
Price should head lower next to test the 0.060 support area next.
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