This market has been hovering around 104 level after huge upsurge last week. It has now consolidated into a tight triangle at this key level. Question is where will this break out to? Upside or downside?
On 1hr chart there could be a crab pattern formation. I'm just waiting for the C-D leg to be completed and go long. So I expect it to go lower for a while. But I also might be wrong as I don't own a crystal ball :D