I see a clear break out of the 1385 resistance, followed by a bullish 1 hour bar and a breaking of the 1405 weekly resistance which means price is bullish, but not so much as long as the price stays below 1513/24.
All these happened afer the US CPI release which came above consensus, which make me think that it is just a correction happened after some shorts decided to stay out and take profits.
I believe that we are going to see lower prices again around 1420/1400.
All these happened afer the US CPI release which came above consensus, which make me think that it is just a correction happened after some shorts decided to stay out and take profits.
I believe that we are going to see lower prices again around 1420/1400.
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