In previous days, we are able to see 'head and shoulders' reversal formation. If the formation is going to be valid, we might see the price dropping at least to 12 700 USD price level or further. If otherwise, we should stick with the support levels and expect the price rise again in the next few days after the Christmas correction.
After elections on Wednesday, there is a slight downtrend in almost all stock instruments in bank sector (see www.marketwatch.com). On Wednesday the CCI indicator showed a signal on short position with the support of increasing money flow index. Is the downtrend going to continue? Let's see what a previous resistance band will tell us...
