I have a bullish bias on this commodity. Price has come and hit the 61.8% fib which lined up with structure and the daily 50 EMA. However, i will only enter long positions when the swing point at 18.100 has broken on the daily. While below the swing point price could still come back down before coming back up to the highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.