Weekly Chart shows a clear Breakout off the Ascending Triangle pattern which implies continuation of the bull run.
While the primary target is set at the 200-Week MA /317.90/ the move will first have to deal with the 2007 Lows resistance levels marked at 285 and 298.
Certainly I should mention risk control measure for catching this Breakout to be set around 260 - below the last week's low and then trailed with the 21-Week MA. However it seems to me with Fed not having any evidence oh change in unemployment figures at hand will not likely even hint at rising rates which in turn will continue to pump liquidity into commodities.
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