The commodity is in a large corrective structure and it's looking more likely that we break down, a smaller degree break inside this larger structure has already occurred to the downside and will give a nice opportunity to go short and wait for a larger breakout once confirmed. Once at the bottom trend line, a break from here can send it falling towards $1200.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
IMPORTANT: The setups posted here are not trade calls or signals and are intended for guidance purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
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we got a break and if confirmed should get us below $13
