Will Brent come back down to 74.25.On 15m and 1 hour it look a bit unrealistic. But on 5 min it’s a very realistic wedge. Shallow and wide. Which usually comes back to base or lower.Lets do a short trade with a tight stop loss.
Read MoreThe fed meeting shocked the markets and gold fell $50, then again another $45 the next day. I had a short at 1897, but I messed up with the fluctuations at the 1880-19005 zone. Nonetheless target of $1770 achieved
Read MoreCoppers trading range is narrowing quite a bit. Falling wedge chart pattern, typically i take these to a 61% retracement target. initially I got my timing wrong on this (see other analysis), but now seems to be the right time for a reversal breakout upwards.expect copper to head up to $4. 40 . will need to reasses...
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