ive been looking at the market depth along with the technicals. Technicals alone show its at the bottom of the channel.
The market depth has increased from what was 1 buyer to every 4, and now its 2 buyers for every 3 sellers. Not the highest volume day but significant nonetheless at 1.8m units traded.
Overall commodities has been over sold due to china slowing fears and trade wars. There will be a relief rally over the next few days which would see a strong bounce to 4.53.
ORE Price at posting:
$3.94 Sentiment: Buy Disclosure: Held