Buy the dip
Wants higher, if it flags it will be a buy, good upside potential
Formation not confirmaed yet as the support still holding, if broken then short when there is retrace to support becoming resistance. Good downside potential.
Likely to bounce next week
Also price upside momentum startting to fade
CL is basing if it pops it will help AUD to rally
Add to that bearish seasonality from next week
Has a good chance for a run to resistance
Has a good likelihood to run up next week. Price based well and now squeezing (gathering energy) for a run.
Well defined stop on this support. The squeeze showing that we'll get a volatility expansion.
Due for a run @ least tto nearest resistance. Good squeezing price.
Also OB on downtrend near resistance. Corn & wheat already started to pullback.
Momentum divergence folowed by the marubozu. Expecting a start of a trend down
Setup confirmed as we crossed above sma20
Wants lower. Also commercials are heavily shorting according to latest COT report.
June has bearish seasonality for june, huge divergence between momentum and price. Most likely going lower and big downside.
Bullish seasonal window this month. Price showing loss of downside momo, commercials starting to reverse the selling.