The targeted 92.00 - 93.00 long-term resistance area can contain annual buying pressures, and from there the market could fall back into summer trade.
On the other hand, a weekly settlement above 94.00 (1% beyond 93.00) would indicate 115.00 within several months, also able to contain annual buying pressures.
Downside, a weekly settlement back below 85.50 (beyond 1%) should mark a good Q1 high, 79.00 then likely within several weeks, 74.00 - 67.00 attainable over the following several months.
On the other hand, a weekly settlement above 94.00 (1% beyond 93.00) would indicate 115.00 within several months, also able to contain annual buying pressures.
Downside, a weekly settlement back below 85.50 (beyond 1%) should mark a good Q1 high, 79.00 then likely within several weeks, 74.00 - 67.00 attainable over the following several months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.