NG

Spectrum.

Weekly. Stay bullish till Oct 2020.

Daily. Friday's growth contradicts to Q-Sp and trading Sp lines, according which fast cutback is expected this week with further consolidation till the end of Aug.

Annual cycle analysis.

Decline this week is expected and growth from in a week. It contradicts to Spectrum's projections and might be resulted in a middle-run flat.

Turning points analysis.

It is expected cutback to sSp-Res cluster 2.1170-2.2350 and a flat within these borders for the 1st half of Sept.

ZZ structure.

L-1. Crucial level for the bullish dark blue ZZ sequence is 1.6390.

L-2. Blue ZZ sequence is still bullish, but it is reasonable to wait for its status change to bearish.

L-3. Green ZZ is bullish as the rest ones. Yet, it is more reasonable to wait for its change prior any trades.