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TFC Commodity Trading Forum

Re: Price broke down, target 1600 approx.

Market is coming back strong in the overnight, testing the breakout from the bottom of the wedge likely around 1641 (ish)
if it can break back into this wedge successfully and hold 1650 then we will likely see a re-test of the highs soon thereafter...

Otherwise if it cannot break 1641 then the downtrend to test the breakout at 1593 remains intact.
In other words, 1641-1650 seems to be a very important threshold to watch carefully.....