Flat | 31 May 2018

Technical Observation

Yesterday, my stop was taken out when the price went below the three Simple Moving Averages (14, 52, 152). Again, earlier today, the price is showing signs of rising above it them, I'm still hesitant to pick a long position now, however, should the price break above the previous day's highest high $7,477.00, then this will be a good place to look for long positions with my take profit at $8,378.00. I don't expect the price to break below the $7,207.00 handle, however, should the price get below it, then a momentum towards $6,937.00.

Trade Signal.

Flat

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.