Here are the levels I'm using this week. Sorry... too busy to post my usual write up on time.
Contracts rolled over to Dec so the levels on the continuous contract I use has been updated.
So far this week we have seen a 24 point up day followed by 24 point down day.
Not surprising to have 2 way price action going into CPI data tomorrow. Price has pulled back to the Aug 16th high. Downside targets are the bottom of the green box, Feb 2nd high and the upward trendline. First targets to the upside are the bottom of the red box then the July 24th high. PPI data due out Thursday.
Contracts rolled over to Dec so the levels on the continuous contract I use has been updated.
So far this week we have seen a 24 point up day followed by 24 point down day.
Not surprising to have 2 way price action going into CPI data tomorrow. Price has pulled back to the Aug 16th high. Downside targets are the bottom of the green box, Feb 2nd high and the upward trendline. First targets to the upside are the bottom of the red box then the July 24th high. PPI data due out Thursday.
Open with tell the truth.