CPI - Weekly Analysis

We may derive the following from the Weekly CPI chart:

1. Price broke a sharp uptrend.

2. We are still in an OVERALL uptrend. BUT price may be setting up for a move down. I think a bearish setup is likely.

3. It is still early to make a decision and so patience is needed to see if we form a potential sell or buy pattern.

4. As always - maintain your risk.

Note: The views provided herein do not constitute financial advice.