-41 Week symmetrical triangle
-Weekly Bollinger bands within the confines of triangle ready for possible expansion
-With rising rates and LIBOR OIS spike, precious metals rally a probability
-COT data shows record short positions of commercials and large speculators with small specs holding largest long position. This is a mixed signal
Last weeks price action was peculiar but will remain conservative for position establishment at 30 basis points on break and close above 17.50 if R/R favorable.
-Weekly Bollinger bands within the confines of triangle ready for possible expansion
-With rising rates and LIBOR OIS spike, precious metals rally a probability
-COT data shows record short positions of commercials and large speculators with small specs holding largest long position. This is a mixed signal
Last weeks price action was peculiar but will remain conservative for position establishment at 30 basis points on break and close above 17.50 if R/R favorable.