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$BTU buyers showed their resilience today. Yesterday's bearish engulfing pattern looked threatening, but the bears couldn't follow through on the selling pressure—and that's the key signal here. When you see a reject like this after a bearish setup, it usually points to underlying bid strength.
Technically, the bulls have been holding those higher lows. Psychologically, that matters too. Failed selling attempts often precede the next leg up. The chart's telling an interesting story if you're watching the levels closely.