By the analysis in 4hrs chart, trend confirmation was strong enough for uptrend.
According to last COT report,non commercial long is effect in previous weekdays.Now the price will fall to 1803.88 by the new COT report.Large number changes in commercial short will be effect in coming weekdays.Speculation long changes is few left so price will a little bit bounce at the first weekday but it will fall then commercial long will pump at 1803.88.
Pivot 1803.882 High. 1823.865 Low. 1784.695 Buy when prices break up "Pivot" Sell when prices break down "Pivot" Breakout High Breakout Low Price < pivot | buy stop = 1803.88 SL = 1792.63 Tp = 1823.86 ,TpSl = 1817.89 Price > pivot | sell stop =...
Analysis by COT report and technical methods. Updated cot report,Total Long position changes is -5746 and total short position changes is -10625. Actual Total Long position changes by the sum of previous changes and new changes is -120499 and actual Total short position changes by the sum of previous changes and new changes is -119070. To find Net,remove (-) from...
By the ongoing process of selling from 1723,weekly close below 1661 means the strong situation of downtrend. But stop loss must shift to 1661 to hold profit and keep track with the trend. As W.D. Gann fan indicator,price is reaching the trend line of 1/1=45° from 2075.28.And the price is still in the zone of 1/3=71.25° and 1/4=75° from the lowest price of...