CME / GAP Weekly update ! ! !
Hello like every week a CME and GAP point, so the gap of the week before (blue circle) has finally been really filled, this weekend a new gap is formed (yellow circle orange line) at 8540 for the wick , 8500 for the body, theoretically to fill a gap you have to get the body of the candle but it happens from time to time that we are content with the wick ...
So we can expect to go to 8500 this week.
I also remember that a gap at 7680 (red line) has not really been completely filled (a few dollars), you see if it matters or not :)
Otherwise on January 31 it's the end of the contract opened in late October around 9500, as I said last week, they will try to move as far as possible from this price to close their positions ...
personally I think it happened Friday when we corrected to the 8200/8300, it is rare that they wait until the last minute, and there are only 3 days before closing ...
next closing to watch, on February 27 that of the contract opened on December 2 around 7300/7400 dollars ...
This is the one who will tell us if finally the cme went from short to long and who will confirm, the bull run and a continuation of the rise, indeed if the latter has been short we will necessarily go down again. .
ps : sorry for my english , Im french !!!
like if you appreciate , thank you :)
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.