Possible rise in price of WTI. Price has currently made 3 impulsive moves to the downside creating a confirmed downtrend. On the 4H price made a HH, signifying change of trend and now it has recent retraced back and i'm anticipating bullish impulsive move
Price provided with a head & shoulder pattern plus an AB=CD pattern. I am anticipating bearishness after a long the newly formed Lower Low
If the commercials continue with the momentum, GOLD is mostl likely to reach new highs. It just completed the week with Higher High swing on the Daily Timeframe. This week i believe it will give us the idea of whether this is the beginning of a retracement to 1860.00 to fill the gap there on the Weekly Timeframe or it will continue rising to clear Buyside...
Price reacted to the 4H Demand block. I believe it will start rising up. Another confirmation is the HTF Divergence on the Oscillator. Timing is vital
The same divergence we saw on the 4H TF is spotted on the 1H down to 15min TF. Price finally reacted to the upside. Anticipating a continuation probably after a retracement
I beliieve we are going to see a turning point on the level and gold will starting shooting up to make higher high for the next quarter. Price is reacting to the Demand level on higher timeframe and also we notice a divergence on the oscillator indicators