Noticed $UGAZ touched 10.60 earlier today and bounced. It's a level I've marked as potential support for a while. If it can hold that on a retest, or consolidate above 10.60, then there's a chance to see some upward momentum towards the 11.20-11.40 range again. Failure to hold 10.60, especially a clear close below it, would invalidate that scenario for me, suggesting further downside to the 10.00-10.20 area.
Been looking at $EMXC again today, currently hovering around 94.495. It's been a bit of a grind, but the recent range between roughly 92.95 and 94.89 is interesting. I'm wondering if we're setting up for a move to retest that 94.89 upper bound, possibly even pushing a bit higher before finding resistance. The volume seems to be picking up slightly on these moves, which could signal some directional intent.
My concern, however, would be a strong break below that 92.95 level. If it loses that support convincingly, I'd have to rethink any bullish leanings on a short-term range play. Could invalidate the current consolidation idea pretty quickly. Just my observations, still trying to get a feel for its next move.