Current Trend on the Daily Chart: Market is currently making higher high and high lower (Sign of a bull trend). Recent price action (breaking off the key level $100-100.50) has yet to be confirmed if market had a false breakout Current Trend on the Weekly Chart: Market previously had a repeated price action of retracing a complete cycle before achieving a smaller retracement at a key number of 38.2 (Fibo) and it had recently repeated itself at a key number of 61.8. On a larger scale (Previous market expansion of ABCD pattern) market retracement is actually on the 38.2. This signifies a greater probable movement to the long side. Current Trend on the Monthly Chart: Market has just broken off a bearish trend line and it is heading to key zone. A probability for short market reversal might be high before finding demand again ......