FrozenAutumn

FrozenAutumn Updated 

When a pattern like that shows, it never ends well. Mib is facing overhead resistance in 28.000. A quick move downwards would be a buying opportunity.

FrozenAutumn Updated 

The technicals are neutral right now. We are in a consolidation triangle which normally will break to the downside. Nevertheless if we get a break of 31 a bullish reversal is validated and it will be a strong buy.

FrozenAutumn Updated 

After the faillure hoding 88 area, crude has only downside. I expect a move till the 50% fibo level at 79. Good luck with the trade

FrozenAutumn Updated 

Good opportunity for long here. The false break of 61,8% will provide enouph fuel for short covering (at least short term).SL should be below recent lows. When it breaches the breakout line, you can add to your longs.

FrozenAutumn

Very interesting situation here, if 220 level is breached we could have a move down to 187. This will be a buying opportunity. The scenario is invalidated in case we have a break above 230. This level is the 50% retracement of the big bearish move from all time highs to recent lows.

FrozenAutumn

People are conditioned for big downward moves in metals as it happened after the March highs of 2022. But always expect the unexpected. The current level is a perfect bullish retest to test the former highs. Stop loss below 1830.