At this moment in time price is demonstrating weakness, however, need to take into consideration that it has just touched an unmitigated area of demand, to which it has reacted strongly, with that said, we could see a deeper pullback into the 1.3546 area of supply to make a run for 1.3045.
Conversely, we've just mitigated an area of refined H4 Supply, causing the H4 to change the character and possibly go for a run at this reaction from the equilibrium point of Daily structure down to 1.03045.
Conversely, we've just mitigated an area of refined H4 Supply, causing the H4 to change the character and possibly go for a run at this reaction from the equilibrium point of Daily structure down to 1.03045.