This whole area from 165 to 170 is definitely a support zone now, it bounced off it so many times as resistance.
The fact we have had two daily hammers off the 50 EMA is pretty bullish (and one of them gapped down to do so) so I think overall the bears are losing the battle here.
Perhaps some sideways, but overall the big gap fill above is on the cards.
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This whole area from 165 to 170 is definitely a support zone...
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