Bulls got rejected strongly again after the new ATH during this week.
Sell-offs usually are happening during the weekend and after strong moves and consolidation during the week ahead with sideways moves is expected.
After a sharp wick to 54.300, candle shadow is still holding up the previous support at 56.200 and a rebound is expected at this level.
Next week is expected a movement range between 56-60k to build some support before entering in new price discovery mode probably only next month as we are approaching future contracts to expire by the end of the month.
Sell-offs usually are happening during the weekend and after strong moves and consolidation during the week ahead with sideways moves is expected.
After a sharp wick to 54.300, candle shadow is still holding up the previous support at 56.200 and a rebound is expected at this level.
Next week is expected a movement range between 56-60k to build some support before entering in new price discovery mode probably only next month as we are approaching future contracts to expire by the end of the month.