demand still showing strength, expecting a retracement

Sep 1, 2021

A retracement start would be the best but demand still weakening. Could go higher more before any retracement.
Would look for a retracement around the 26.5-28.5 area on light supply.
Not much opportunity that are big for right now, but it is worth keeping an eye on it.
A break down under 32.12 on signs of supply power could tell us that the retracement has in fact started.


As for now on the 1 hour time frame, movement to the upward did slow down, but no real stop in action happened yet. So still opportunities for buy but a monitor of demand has to be made.



Weekly


Daily

Demand effort not matching price action for now.