The price has formed a small bull flag consolidation after break

13 mar

The price has formed a small bull flag consolidation after breaking above key resistance at $67.00
Trading above all short-term moving averages (orange/red lines)
Showing higher lows and higher highs, suggesting bullish momentum
Key supports are holding with multiple tests

Risk Management for Weekend:
Since we're heading into the weekend, it's crucial to manage risk properly:

Consider taking partial profits at the first target ($68.71)
Trail your stop loss to breakeven after reaching the first target
If already up substantially by late session, consider closing the position to avoid weekend gap risk

Alternative Plan:
If the price rejects at current levels and falls below $67.00:

Abandon the long thesis
Look for potential short entry below $66.80
Target $66.46 support

The most likely scenario based on current price action is a continued move toward the $68.71-$68.73 resistance zone before the weekend. The break above the descending trendline and the recent higher lows pattern suggest the momentum remains to the upside, making a long position the highest probability trade for today.

13 mar

Trade attivo

Bearish scenario (more probable given the trend): Consider short positions if price rejects from the $67.41 resistance with a target at $66.46, and potentially $65.27 if momentum increases. Place stops above the $67.90 level.
Bullish scenario: If price breaks and holds above $67.41, look for a potential move toward $67.90-$68.00. However, this would be a counter-trend move and may face significant resistance at the upper channel line.

18 mar

Trade chiuso: obiettivo raggiunto

Primary scenario: Price will likely continue testing the $68.24 resistance level. A successful break above would target the $69.36 level next, with potential to challenge the significant $70.34 zone if momentum builds. The recent higher lows structure supports this bullish case.
Alternative scenario: Rejection at current resistance could send price back toward support at $67.43, with deeper support at $66.00 if selling accelerates. The descending channel's lower boundary would be the target if bearish pressure intensifies.
Key factors to watch include trading volume, which appears moderate, and whether price can establish a daily close above the dotted resistance line at $68.24.
The overall technical picture suggests a market in transition, with bulls attempting to reverse the previous downtrend but still facing significant overhead resistance.