US30 OUTLOOK UPDATE
During yesterdays London session we were stuck in a consolidation faze for 8 hours.
Once we finally broke out we rejected off major zone 34100 for the 5th time and then rejected back off of 33750...end up back right where we left off during London session.
Also stated this yesterday, "i would like to see a retest of 33750 and a break through 34100. If not we might bounce back and fourth within a major consolidation zone from 33100 - 34100"
We still need to see a clear break through 34100 to break resistance.
Once we finally broke out we rejected off major zone 34100 for the 5th time and then rejected back off of 33750...end up back right where we left off during London session.
Also stated this yesterday, "i would like to see a retest of 33750 and a break through 34100. If not we might bounce back and fourth within a major consolidation zone from 33100 - 34100"
We still need to see a clear break through 34100 to break resistance.
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