Latest from Barclays courtesy of Dow Jones.
They feel downside correction is underway.
A key day reversal and small bearish divergence suggest a return to 79.00 will be seen once the 200 dma at 79.51 has been taken out.
THAT SAID, the bank says it will use dips into the 78.50/79.00 area to restock with longs.
Should be noted 78.81 is the 100 dma.
We sit presently at 79.58.
