Day:
The price has tested a larger DB this week. Yesterday closed with a stong reversal candle [whilst testing the larger DB]. I can see strength building up to break out of the 3 months sideways movement and make new higher highs.
PS. week is looking stronger [than day] and a close over the 'last' strong resistance [in S50H21] at 978 will most probably take the price up north. Although, going into the continuous [S50] contract, there is a resistance zone from 988 to 1000, that might very well give up a fight but a test of the top of the channel would nice at around 1040.
2H:
About to break out of a DB, from a long term TPO support, ema150 week might give the price a retest of the DB and a nice point to go Long, as I don't like breakouts from DBs.
The price has tested a larger DB this week. Yesterday closed with a stong reversal candle [whilst testing the larger DB]. I can see strength building up to break out of the 3 months sideways movement and make new higher highs.
PS. week is looking stronger [than day] and a close over the 'last' strong resistance [in S50H21] at 978 will most probably take the price up north. Although, going into the continuous [S50] contract, there is a resistance zone from 988 to 1000, that might very well give up a fight but a test of the top of the channel would nice at around 1040.
2H:
About to break out of a DB, from a long term TPO support, ema150 week might give the price a retest of the DB and a nice point to go Long, as I don't like breakouts from DBs.
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