Weekly Outlook FCPO 22-26/7/2013

Hi guys,
Lets take a look, from Harmonic Pattern Perspective.
on weekly basis -

Potential for Butterfly / Gartley. Target area in the circle before bounce back to become BULL.
However, we need to see the price break the supper support 2220 and close below it first.

We must remember, that when trading in commodities, the price shall not stay at super low for too long or super high for too long due to production cost etc. everything have to be counted.

Trade with cautious. Act fast with fast changing game like this. At the moment, FCPO is not so favourable to Daily tf trader. Me too. I diverted to tf 4hr for better opportunity.