28. again & 25.26 if

Since demand is still showing presence, and could see more decrease, I would expect another test of the 29.-29.4 area first, where there could be a nice place to look for a sell entry on light demand with a tight stop loss upside the 30. area. And a break under 28. on heavy supply would be a good confirmation that we are indeed moving to around the 26. area and lower on heavy maintained supply volume.

Would not consider any long term buy position unless we break upside 30. on SOS.

Daily

29.5 area has been showing a serious selling interest that show power, since demand volume has been applying to much pressure on the area, without any results, on today’s formation and the one of yesterday.

Weekly