Midterm forecast: - While the price is above the support 1427.30, resumption of uptrend is expected.
- We make sure when the resistance at 2382.40 breaks.
- If the support at 1427.30 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis: - The RSI uptrend #1 is broken, so the probability of resumption of uptrend is decreased.
- A peak is formed in daily chart at 2178.50 on 06/15/2021, so more losses minimum to Major Support (1427.30) is expected.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 35.
Supports and Resistances: - 3060.60
- Resistance on 05/16/2021
- Support on 05/14/2021
- Support on 05/13/2021
- Support on 05/10/2021
- Support on 05/09/2021
- 2570.00
- 1821.35
- Support on 06/20/2021
- Support on 06/19/2021
- Support on 06/18/2021
- Support on 05/30/2021
- Support on 05/29/2021
- Support on 05/22/2021
- Support on 05/21/2021
- Support on 05/20/2021
- Support on 05/19/2021
- Support on 04/25/2021
- Support on 04/24/2021
- Support on 04/23/2021
- Support on 04/18/2021
- Resistance on 04/12/2021
- Resistance on 04/11/2021
- Resistance on 04/10/2021
- Resistance on 04/06/2021
- Resistance on 04/03/2021
- Resistance on 04/02/2021
- 1124.30
- Support on 02/28/2021
- Support on 02/23/2021
- Support on 02/02/2021
- Resistance on 01/28/2021
- Resistance on 01/26/2021
- Support on 01/20/2021
Click on the level to view price action history. |