The bullish gains as of late have been well structured, with pullbacks each time heading to the prior consolidation which led to the last upside move. If this pullback is more shallow, then it would suggest bulls are buying higher and more aggressively, thus taking over short term momentum and the order flow. For now the PM will have to clear intraday highs around 20.60, but after this, the next key resistance level is 21.30. For now, short term I am bullish until we either fail to make new daily highs, or reject heavily off this level.
Kind Regards,
Chris Capre
Kind Regards,
Chris Capre