This is just a wonderful commodity to trade. If there were no broker swaps (holding costs) in this, then it would be even better.
We had some good selling and now we might recover a bit of that.
We are approaching some key levels right now and this could just play out nicely.
The level that I'm watching is 4.15 and then higher. If we close above 4.15 strongly, ...
This is one of my favorite commodities to trade. Really beautiful moves.
I think this is still going to sell for a bit and go and test the trend line.
Now, certainly, looking at the Bollinger Bands, then it seems that there is quite a bit of space for it to drop lower and test those bottom levels. That is if it will close below the trend line on a Weekly.
The price broke out of the consolidation zone. The 200 Ema is pointing higher which indicate the market is preparing to go in long term uptrend. Set a limit order at the highlighted area which was activated.The volume is increasing as well.