| Now we're talking Zoom...on both monthly charts, only the Contract month chart with the green fork has hit its upper parallel line...and we all know what that means right?
If this turns into a reaction high then you can expect a hit on the median line...Not saying that this is a reaction high...but it could be a critical major high. Momentum on the weekly has turned neutral. The next weekly bearish reversal is located at 12.17'6...that is where I would be expecting a reversal if it should continue down...right now the current monthly bearish reversal is located at 9.60, that will move up to about the 10 area once the month closes.
Sp!ke
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