Tariff news was wreaking havoc today; Canada was hit harder than expected. But, it created a nice pullback and price closed at 106.9, right at the previous B&R area.
It was a strong move down, so let’s see if price continues down and breaks through this support, or if it starts to work its way back up.
If it breaks through then I’ll shift focus to the weekly chart (Red MA) where price is creating LL’s & LH’s. In that case we could be seeing a new LH starting to form.