Technical outlook and chart setups:
As depicted on the 4H chart view here, the prices remained just shy of resistance at 32.50 by 3-4 cents before pulling back. The move towards 32.00 level can still be considered as retracement at the moment. Chart supports are spread through 31.00, 30.00, and 29.20, while resistance begins from 33.60/70 levels, followed by 34.30/40, and 35.10/20 respectively. It is recommended to go long again and build on positions taken earlier.
Trading recommendations:
Hold on to long positions taken earlier, build further at current levels, stop is at 30.00, and target is open.
Good Luck!
