Technical Outlook and Chart Setup:
The structure is unchanged from the last week as shown above. 28.00 level will provide strong resistance for now, It is recommended to sell intraday rallies towards 27.80/28.00 levels, expecting a breakdown. On the other hand, a clear break of 28.00/20 levels will turn the metals towards a bullish breakout. At the moment, we expect a bearish breakdown towards the trend.
Trading Recommendations:
Selling of intraday rallies is recommended for now. Short positions can be held expecting a breakdown.
Good Luck!
