Here we can see a possible descending triangle formation. The structure could breakout to new highs. However, in the interim whilst US30 is making a bullish flag I expect a temporary downtrend within the triangle.
If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer highs.
Entry @ 17.160
SL @ 17.260
TP @ 16.900
If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer highs.
Entry @ 17.160
SL @ 17.260
TP @ 16.900
Trade closed: stop reached