Current trading path showing signs to break to the downside, unless a surge to the upside is realized. We failing to rally past the 21EMA, even if that is breached we would need to blast past the 55EMA to register any bullish movement.
Bull Targets:
10500, 10800, 11500 so much confluence on the way up we will likely not rally past that unless some magical volume pushes us past that
Bear Targets:
10000, 9700, 9000, 8500 (Unfilled CME gap) very strong resistance on the 10000-9000 range a clear pass of these range is needed for further lows.
As always Trade Safely, Happy Trading!
This is by no means financial advice.
Bull Targets:
10500, 10800, 11500 so much confluence on the way up we will likely not rally past that unless some magical volume pushes us past that
Bear Targets:
10000, 9700, 9000, 8500 (Unfilled CME gap) very strong resistance on the 10000-9000 range a clear pass of these range is needed for further lows.
As always Trade Safely, Happy Trading!
This is by no means financial advice.
