- While the price is below the resistance 67.65, beginning of downtrend is expected.
- We make sure when the support at 61.00 breaks.
- If the resistance at 67.65 is broken, the short-term forecast -beginning of downtrend- will be invalid.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 50.
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (65.80 to 67.65), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (65.80)
- Ending of entry zone (67.65)
Click on the level to view price action history.