Price has reached and major low. which is a nice bargain price to go long for major institution. though the USD has shown some weakness.. A recovery is around the corner.. which would be used as a motive to go long. my bias might not play out immediately. so trade carefully as the market might want to clear out stops. or continue to the downside.
We see price dropping hard last week. to a Major Support( Good Bargain Zone for a Buy for Institutions). it been bought at this zone for the last few weeks. so i strongly believe price might be bullish. but we might see price dropping to my short Target for Big boys to go long. this is my view.