- setup is , but for last 11 weeks we have seen only higher lows! This is almost a 3 months consolidation
- Heikin Ashi shows slight through haDelta/SMA3. HA candle is still red, first key level is Tenkan Sen at 2,3590
- Price failed to break and stay below the Kumo -> if no lower low, bears will start to cover. Price ticked back up to 2,35 equilibrium. Please not that future Kumo's Senkou A and B lines started to point up.
- Heikin Ashi prints a patter yesterday and today. momentum can increase above 2,36 and 2,40.
Many Hedge Funds used Copper and WTI shorts to hedge or to play the China equity story. Especially after Chinese regulator banned short selling on stock markets. The question is how much of these proxy hedges are still in the books? If there are heavy amounts, a technical short squeeze could shoot Price up to 2,65 +/- area.