Daily Market overview

Commodities Technical Analysis

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 Long

Long as long as the uptrend is supported.

Commodities Technical Outlook
fxnewsportal.com

Sell more? Yes, if haDelta signal confirms

Daily: – Ichimoku is still neutral with some bearish bias – Heikin-Ashi -> consolidation. haDelta/SMA3 may turn down again below zero. In that case the shy pull back from 129’09 low will be completed and market will show next leg down. – EWO is bearish 4H – Bearish Ichimoku setup. Looks like price failes to get back above Kijun. – Heikin-Ashi is neutral at bearish Kijun support. haDelta/SMA3 has short term bearish divergence, crossing down again at zero line – EWO is bearish Strategy: Hold existing shorts, increase if you see bearish confirmation

Commodities Technical Outlook
fxnewsportal.com

Correction is still happening:

If the same as first leg down, could have a triangle at end of correction

Commodities Technical Outlook
fxnewsportal.com

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don’t ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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