Technical Outlook and Chart Setups:
There is no change in the structure since last week after bulls took off 34.50 level comfortably. At the moment, prices seem to consolidate just below the 35.00 level with a dogi produced on Friday. We need a clear sell signal on the Daily Charts now before declaring that a reversal/retracement has begun towards 30.00 levels. On the other hand, a clear break of Friday's highs shall target 37.50 level in the upcoming weeks. Intermediary support comes around 32.50 level.
Trading Recommendations:
Flat for now. Preparing to re-enter shorts again.
Good Luck!