GJ - Weekly outlook - SHORT
Price has tested 139.80 up to 140.00 and failed to break above several times now. Expecting prior support of 138.74 to be an important area of resistance now as we look to continue this new bearish move down. Price should consolidate inside 137.88 down to 136.85 before dipping down into prior key support level of 135.50. I will be looking for sell setups all week unless we see a break above 140.00 to signal a continued bullish move up again. Good luck traders!!
Price has tested 139.80 up to 140.00 and failed to break above several times now. Expecting prior support of 138.74 to be an important area of resistance now as we look to continue this new bearish move down. Price should consolidate inside 137.88 down to 136.85 before dipping down into prior key support level of 135.50. I will be looking for sell setups all week unless we see a break above 140.00 to signal a continued bullish move up again. Good luck traders!!