Straight from last Sunday night’s Weekly outlook, expectations headed into the week were higher prices and last week’s bullish hanging hammer candle delivered just that.
Early bullish surge the first two days followed by consolidation fairly deep into new all time highs.
Headed into next week we’ll likely see a retest of the consolidation low, upon the retest will be an interesting spot to see if we get a slight dip and further rip or a deeper retracement of this weeks surge. CPI and PPI inflation reports hitting mid week next week.
-Dan
