General overview for 21/10/2014
Quiet trading conditions have caught the current market in a range zone between the levels of 136.26 - 137.00, but the more expected breakout of this range seems to be to the upside as the internal sub-cycles have not been completed yet. For the upside cycle, the projected target levels are in the supply zone between the levels of 137.77 - 139.94 and price should be capped around this zone and reverse.
The market is still trading above the level of 135.99 and the intraday uptrend is intact - higher prices are expected here. Please notice that this is wave B which is making such trading conditions. It might get choppy but overall buying the dips is the way to trade this market.