Kiwi at time/price node, a final push higher is not out of the cards yet. More signs needed if short.
A short scenario could take some time until April 15th - April 28th.
Still neutral to short unless this resistance area is cleared.
If we look at the retrace on weekly ( beginning of March ), we can see that it actually never closed below any 50% bearish level. Price now has strong resistance areas ahead, but if the Daily follows Weekly, we could see price move even higher ( & plus consider the whole Crimea geopolitical situation ). The seasonality usually says Oil price will decline around...
I am neutral at the moment, too early to call this a H&S top, the contract change gap has been more or less been neutralized, let`s also see what DAX & EuroStoxx50 do in the coming weeks.
Target 1 @ 330.00 would still hold price inside the market structure.
Medium-term more downside possible, despite intraday bounces...
Price is between conflicting levels and the risk : reward is not so good here. Wait.
Has more downside to correct, also note Canadian Dollar Future oversold....
Wait and see how this reacts around approximate 50% retrace. Nice to see how buyers stepped in around earnings dates.
The muddy environment between this 9400 - 9600 zone keeps me out for now.
Looks heavy - and the almost non-movement could be internal readjustment of big player positioning. Watch out for possible support band below ( see pic ). The strength and speed how this area is handled tells us a lot.
Back inside pattern, conservative traders wait for more confirmation of false extreme breakout.
We are in the middle of nowhere here, above the 200ma ( weekly ! ), yet below 100.00. Wait and see how this range plays out.