13 Jun Thursday View

On last Tuesday, price found support at 33000 (USD 1368.63) after falling from its opening at 33371 (USD 1384.02). Yesterday, it found support a litter higher than of the previous day at 33125 (USD 1373.81) and pushed all the way up to test 33620 (USD 1394.34), which amazingly as well a 150 SMA level in H1 but denied later in the U.S session and fell but 33387 (USD 1384.68) came into play again as support this morning and tested yesterday's high 33620 (USD 1394.34) once again but denied as of now.

Confusing ? it's not. When you can talk with the chart, all those important levels comes into play like sometimes we bump into some of our old friends, and there really is a nice feeling about it.

Simplified, If, on the upside, if 33620 (USD 1394.34) level is broken as well as the 33700 (USD 1397.66) then the price may move further up and if on the other hand 33387 (USD 1384.68) is broken and 33000 (USD 1368.63) as well then we may see some fall below.

Trade Happy. Trade Safe :)