H&S Pattern may point to a higher target between 33,75 to 36,50
I see a H&S Pattern building shape and this may point to a much higher target as we may expect between 33,75 $ to 36,50$. On the very short term, we may still see a movement within the channel, but eventuelly price will jump out, which could be caused by unexpected development in negotiations between major producers behind doors. A sudden spike is in the cards again, as speculations on that subject rise.
Note
Price did not pass neckline - trade did not materialize
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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.