Biz Direct MarketKnowing When To Make A Good Decision

The minor price fluctuations on this weeks chart imply that a test of the R1 resistance level should happen soon.

The market continues to move in a relatively narrow range. The pattern as viewed on last weeks chart had some downside implications. It seems the downside move to test S1 fulfilled that expectation.

At this moment S1 is key to what the market will do in the near term. My expectation is that the market will continue to range between S1 and R1. A penetration of S1 will force a reconsideration of this view.

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