An up to date look at the gyration in prices and exploring potential setups. Please take note this is not a recommendation or trading service.
- Looking very toppish and will not be surprised to see daily RSI moving lower to ease off from the overbought levels
- Technically under pressure to retrace lower – perhaps to find support and test buyers resilience
- Completed the small IHS and now consolidating
- Approaching potential sell zone but without a break below the uptrend line, we cannot confirm to take a trade
- We need confirmation from lower time frame of a confirmed break in the market structure
- US Oil inventories data today