Bankbrother

Bankbrother

Hope you followed the Daily from May 17 th -We've hit 41.4 mthly - could be time for support/ demand test at 39.07/Daily R - / 38.45/.5 fib ...35.19 below (35-40 range ? ) Red dashed R from 2015 peak - Support on any of the above brings 45.x into play . GL - please "agree" if this is of help -Thx keep your stick on the ice .

Bankbrother

g evenin - temp fib - 33.63 mthly support atm - poss 5th -/ .5 32.77 next level of support break of that and eclipse area to bottom of prev demand zone (blue) Bull view would need support at .382 fib in eclipse

Bankbrother

Still watching .5 -might find resistance at black channel top - 33.67 - if not then top of demand (blue) or .618 above

Bankbrother

well we've made contact 32.77 /.5 - Black channel above and mthly 33.63 S/R - prev demand (blue area) extends upward - I'll consider all three as things develop - If no support is shown I'll expect a test of 20 ish - With support I'm considering top of range at 40 ish - .618 / 40.53 -mthly 41.40 - (Range -40 to +40 / -0.0 base price )- Dxy below 1.0 atm

Bankbrother

Added 1 hr for more precise view

Bankbrother

G evening -sunday nite fun - looks like 3rd waiting to see if we set H 4th - 22.10 demand box below( 4 hr TF ) - blue trend line above of interest - You can see the support level at 22.10 - note prev demand blue box breaks $ 20 - Keeping an eye on DXY and UC for clues as usual . Keep your head up and stick on the ice . GL

Bankbrother

G evening -sunday nite fun - looks like 3rd waiting to see if we set H 4th - 22.10 demand box below - blue trend line above of interest - You can see the support level at 22.10 - note prev demand blue box breaks $ 20 - Keeping an eye on DXY and UC for clues as usual . Keep your head up and stick on the ice . GL

Bankbrother

Hope you sold that from 53.34 area - another Sunday nite we've made contact with .618 / 45.48 as I suggested in the last set of charts .I'm watching the mthly levels corrected 45.03 (prev 45.01) and new Feb/20 - 45.26 (higher) for support - black channels support for upward toward 47.75 area (last Thursday morn bull trap) . Runours of Fed Rate drop could give...

Bankbrother Updated 

As always Sun nite question where's it going - I seems to have broken prev demand (blue) and has dropped below .5 fib/$26-$76 and is presently testing $50.50 mthly S/R . Prev support below (blue) - 47.22 - strongest is at $ 45.48 / .618/ $26-$76 . IG client (retail) sentiment is app 89% long - if support is show at this level I'll look for a range upward...

Bankbrother

There's a black T-line from $26 that dissects present pivot which could be used as support As always Sun nite question where's it going - I seems to have broken prev demand (blue) and has dropped below .5 fib/$26-$76 and is presently testing $50.50 mthly S/R . Prev support below (blue) - 47.22 - strongest is at $ 45.48 / .618/ $26-$76 . IG client (retail)...

Bankbrother

Same

Bankbrother

watching retrace prev demand zone above (blue) . Eur open should be interesting - Keep your head up and stick on the ice .

Bankbrother Updated 

Same annalysis as be fore - better chart

Bankbrother

Same

Bankbrother

At the moment it's knocking on the Mthly S/R at 57.83 note lower mthly 57.24 play to get to this level - Pink Heartline is my direction atm support on 3 hr tf - $57.15 / .5 fib from $63. . Above we have $57.83 -$ 58.16 mthly levels and .618 - $58.61 My 1st support test if it falters would be $ 57.6 or mthly 57.24 etc.. Eur has been gaining but......

Bankbrother

Watching for support -retrace potential - 53.25 or lower if we get a pop tonight I'll be looking for a bull trap NY open - 11 am ? NY volume should be interesting - expect the unexpected. Sunday nite fun ! GL

Bankbrother

Watching for support -retrace potential - NY volume should be interesting - expect the unexpected. Sunday nite fun !

Bankbrother

As you can see it's trying to gain support at mthly 61.60 black channels support / ma's showing range . If I look back at prev mthly above (eclipse) 63.37 support broke . blue arrows are hidden demand on 8 hr tf . Bear view is continuation downward below $60 through last wks demand . Bull view is back to 63.37 + mthly level . Considering a move with NY...