Looking at the chart this morning I don't see a VERY clear short term (4 hours or less) pattern. There is a vague pattern developing that points to a breakout between now and about 8:00 est tonight. BUT, there's also a hint of a consolidation period that could take us back to around 1100.
Numbers to watch. To start the next move up we first need to break 1320 on the descending trend line. After that is 1355. If we break 1355 that should start the next leg up.
On the down side, 1240 is the break down for the ascending trend line. If we break that then there's a good chance to go to 1150 first and possibly 1100.
Hopefully the chart is self explanatory. If you have questions feel free to ask.
To save you the trouble, I don't know what it will be trading at on the 17th. I'm looking only at short tern movements.
Numbers to watch. To start the next move up we first need to break 1320 on the descending trend line. After that is 1355. If we break 1355 that should start the next leg up.
On the down side, 1240 is the break down for the ascending trend line. If we break that then there's a good chance to go to 1150 first and possibly 1100.
Hopefully the chart is self explanatory. If you have questions feel free to ask.
To save you the trouble, I don't know what it will be trading at on the 17th. I'm looking only at short tern movements.