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Weekly – In the six month channel between 2.60 and 2.90. Trade pressures are up Volumes are bullish.
Daily – Flat. Took profits at the 2.83 upside target. Trade pressures are up. Volumes are now neutral.
Expecting retracement. 2.76 would signal a move down.
The next target up is the 2.83 target and then 2.99.
The 200 day MA is at 2.86 and would provide resistance.
Weekly – Consolidating at the 1317 upside target. Trade pressures are up. Volumes are bullish.
Daily – Short. In the short trade at 1319. Trade pressures are up nut turning over. Volumes are bearish to neutral.
The next target down is 1300. Take profits at this first target.
The next target up is 1336. And the stop for this short trade is also 1336.
[2-11-19: Lower the stop to 1319, the short entry price.]
[2-13-19: stopped out in the morning session at 1319.]
Weekly – Seven weeks into this new uptrend. Trade pressures are up and trending. Volumes remain bullish.
Daily – Flat. The 16.04 target generated resistance. Trade pressures are down. Volumes are bearish to neutral.
Sitting on the 25×5 MA as support.
The next target up is 16.41.
The new short entry is at 15.32.