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Gathered Tubes: the price is narrowing more and more

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The tendency of the titles of Tubos Reunidos is impeccable bearish in terms of long term, although it can be said that since early 2019 this is moving laterally.

Technical analysis
VALUES IN SIDE TREND
S1
0.18
S2
0.1405
R1
0.2410
R2
0.2770

Short term

Medium term

Long term

Within which Assembled Tubes It is an impeccably bearish title in terms of medium and long term, we have it moving laterally since the beginning of 2019. Side that is gradually narrowing and where right now it puts the price in nobody's zone, halfway between the supports and key resistors. So, we have as main support 0.18 euros and as resistance 0.24 euros (highs at the beginning of the year and last decreasing maximum). Or what is the same, to the extent that the price does not break on either side of the references indicated we will not have the slightest clue about what may be the next great trend movement. We must always wait for the price to tell us what to do and when.

Daily chart of Tubos Reunidos since summer 2018

. (tagsToTranslate) Tubes (t) Assembled: (t) price (t) is (t) narrowing (t) every (t) more (t) Category: All (t) Category: Market Report (t) Category: Technical Analysis (t) Category: Pulses (t) Category: Analysis (t) Category: Market Pulse (t) Category: Sectorial: Non-Energy Minerals



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