Technical Outlook and Chart Setup:
The structure here remains very simple. Buy the support around 34.30/40 and sell the resistance at 35.10/20 levels. It should be noted that a very short price trading range is being developed here and as usual a powerful breakout should be underway. Similar situation was depicted last month when prices range traded between 27.50-28.50 levels. This time we are on the top side of the swing, so do not be surprised if prices break out on the south side. Keep it simple at the moment, buy the support and sell the resistance.
Trade Recommendations:
Buy support (34.30/40) and sell resistance (35.10/20)
Good Luck!
