THURSDAY
20-JUN
Price took out the last two days' highs and continues to consolidate
Even though it broke above, it could not pick up bullish momentum for the rally to continue.
The $9,350 level has been acting as resistance and so far price could not close above it.
LW high is still the next target for the bulls and is the only upside LQ left nearby.
On LTF, price is consolidating around the Daily open, which is just below the $9,350 resistance level.
There was no single H4 candle close above the resistance which could mean that sellers are absorbing any buy orders around that price.
Although the momentum is bullish, buyers may be starting to exhaust and eventually give up after which could lead to a drop in price in the near term.