SHORT SCENARIOS
#1: Re-test of recent consolidation range upper boundary (102.70) with a further drop
#2: Re-test or another false-break of 103.75 and further drop, this might be a scenario for a broader downmove, but only in case there is no strong close above 103.75
LONG SCENARIOS
#3: In case of a drop to 97.5 there might be a nice opportunity for longs around that level, since it would be a rather deep retracement to the bottom part of consolidation triangle (05/2013-10/2013)
#4: In case of a drop to 93.0-94.0 area there might be even a greater potential for longs, but that levels are very far from now, so this is clearly a long-term view at the moment
MORE DETAILED VIEW IN MY NEW BLOG POST: bit.ly/OWU5uw
Petr Suchanek
Forex, Futures & Options Trader
Email: psuchanek@smbcap.com
Twitter: @FlexibleTrader
StockTwits: stocktwits.com/FlexibleTrader
YouTube Channel: bit.ly/17jWiog
Training program: smbu.us/smbwho
#1: Re-test of recent consolidation range upper boundary (102.70) with a further drop
#2: Re-test or another false-break of 103.75 and further drop, this might be a scenario for a broader downmove, but only in case there is no strong close above 103.75
LONG SCENARIOS
#3: In case of a drop to 97.5 there might be a nice opportunity for longs around that level, since it would be a rather deep retracement to the bottom part of consolidation triangle (05/2013-10/2013)
#4: In case of a drop to 93.0-94.0 area there might be even a greater potential for longs, but that levels are very far from now, so this is clearly a long-term view at the moment
MORE DETAILED VIEW IN MY NEW BLOG POST: bit.ly/OWU5uw
Petr Suchanek
Forex, Futures & Options Trader
Email: psuchanek@smbcap.com
Twitter: @FlexibleTrader
StockTwits: stocktwits.com/FlexibleTrader
YouTube Channel: bit.ly/17jWiog
Training program: smbu.us/smbwho