CME eyes on $225: Major front with only scattered clouds above
Updated
CME has been struggling up against a major resistance zone.
Golden Genesis plus Golden Cofid fibs in a tight confluence.
Break should run given only minor fibs for some distance above.
$ 225.53 - 226.56 is the immediate zone of interest.
$ 218.47 below is first support for SL protection.
$ 239.66 is first hurdle and should be easy target.
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Golden Genesis plus Golden Cofid fibs in a tight confluence.
Break should run given only minor fibs for some distance above.
$ 225.53 - 226.56 is the immediate zone of interest.
$ 218.47 below is first support for SL protection.
$ 239.66 is first hurdle and should be easy target.
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Trade active
Houston: We have IGNITION
Yellow area is from posting time onward.
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Zoom in a bit for a closer look
We got a nice launch off our mapped zone.
Popped right up to the Covid fib as first target.
Recognized the fib, but now looks to break it.
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Looking ahead a bit
Second target will be next Covid fib at $247.77
But lets first see a break and retest of $239.66
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SUMMARY
- Perfect launch form our zone at $225
- Popped exactly to first target at $239
- Now looking for next target at $247.77
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