Bullish bias.
Series of HH's and HL's and as we're at a key level with no momentum to push lower and create a higher low I believe this instrument is heading higher to create a higher high at the weekly resistance level around 72.16 maybe a spike to 73.4.
I will wait for a clear bullish signal preferably a breakout of the triangle, a bullish engulfing candle would be the best signal to go long!
Chart is self explanatory!
Series of HH's and HL's and as we're at a key level with no momentum to push lower and create a higher low I believe this instrument is heading higher to create a higher high at the weekly resistance level around 72.16 maybe a spike to 73.4.
I will wait for a clear bullish signal preferably a breakout of the triangle, a bullish engulfing candle would be the best signal to go long!
Chart is self explanatory!
