The KCH24 MONTHLY has a pivot of 18900 and resistances 20250,21090 and 22440.
The relationship between kch24 vs usdbrl, weekly, also is in a buy mode.
The COT as far as the MONEY MANAGEMENT is a lot long net around 52000 lots, still the highest since feb 2022.
I will post afer this post several posts reflecting kch24 in all time frames for you to see.
IMO the market has to close below the 8 weekly exponential ma which lies at the end of this week at 18845 to be followed by support at the 20 weekly ma, area of 17500.
IMO the market remains trapped in a long congestion zone between 20390 and 17555.
As far as cycles, i have a daily cycle within feb 13th-19th and a weekly cycle ( apparently a high ) between the weeks ending feb 9th and march 8th.
Next, several charts.
Nagual
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