Hey, traders. Hope you guys had great weekend. There was big movement on the market these days. Let's check the chart quickly.
We can see 1. Long-term ascending channel has been kept. 2. the price is breaking the Shot-term descending channel.
We should check 1. CPI today 2. PPI on Wednesday 3. Retail sales on Thursday
We can expect 1. going upward to 13700.00 by breaking through 12400.00 2. a short-term decline by resistance on 12900.00. We can have chance to buy while dropping. 3. a middler-term decline by resistance on 13700.00 and this will be chance to sell.
Because of CPI, We may be able to have good chance for trading. Let's see how it works. Hope you guys have a successful trading and this insight is helpful. Thanks for reading.