Tuesday, 25 October 2016

Choppy October

With moderate gains to start the week, price momentum on the giant monthly cycle is back to fractionally positive. Near term outlook though, is for renewed cooling into early November.



Suffice to add... back to outright bullish..... if only for a day or two.

Market looks vulnerable into early November.

Right now... a monthly close at MARCON 6 looks probable.... aka... prices somewhere <2140 or so.