Price looks exhausted from the previous rally.

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The rally from previous days mange to visit a resistence area that it will have to be absorb by the buyers in order to push the price above $683,26.
However, we an over extended trend in the 12 hours chart that it need to correct  in order to build a second Higher Low which can help the price to push towards $710,00 which in my opinion is the target for the week.

This is the Pre Market Analysis.

About the author


With a background in Technical Anlysis and a combined passion for travel and international business, Fred Mazo settled in Costa Rica where he met his wife. In Costa Rica, Fred became one of the first members of the Reditum European Trading Room where he was employed as a trader specialising…

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