The whole truth is that there is a rising wedge on the chart. That's all I commented on. I could care less what the fundamental picture appears to be because I know from years of research and actual trading experience that a rising wedge is a warning of lower prices. So, in my opinion. the fact that we had a recent run up in price is insignificant here. Why? That run up in price only helped form the wedge. Look! I don't make this stuff up. But, don't take my word for it. Do your own DD and go read about rising wedges. Here are a few links:
Market Data 
Markets 
AI
