around 119 traders are creating something like a trend-reversal formation "shoulder-head-shoulder"
under 119 until 113 market participants created an "reversal shoulder-head-shoulder"
above 119 even until 124.62 is the trading zon of both "shoulders"
positiv is the fact that we created this week something like a "flag-formation" - a trend-evidence-formation, which usually suggest higher price. Even an upside trend with a temporarly consolidation.
How ever,
only an UpBreak above 126.24 signals a bullish signals into new all-time highs 2017
only an DownBreak under 113.51 signals a bearish signals into new mid-term lows 2017
Take care & analyzed it again - it`s always your choice ...