Midterm forecast: - While the price is above the support 1753.05, resumption of uptrend is expected.
- We make sure when the resistance at 2910.70 breaks.
- If the support at 1753.05 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 trough is formed in daily chart at 2255.900 on 06/12/2021, so more gains to resistance(s) 2544.450 and maximum to Major Resistance (2910.700) 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 46.
Supports and Resistances: - 2176.700
- Support on 05/30/2021
- Support on 05/29/2021
- Support on 05/22/2021
- Support on 05/20/2021
- Support on 05/19/2021
- Support on 04/26/2021
- Support on 04/25/2021
- Support on 04/24/2021
- Support on 04/23/2021
- Support on 04/20/2021
- Support on 04/19/2021
- Support on 04/18/2021
- Resistance on 04/12/2021
- Resistance on 04/11/2021
- Resistance on 04/10/2021
- 1137.250
- Support on 01/22/2021
- Support on 01/16/2021
- Support on 01/15/2021
- Resistance on 01/13/2021
- Resistance on 01/12/2021
- Support on 01/08/2021
- Support on 01/07/2021
- Resistance on 01/05/2021
- Resistance on 01/04/2021
- Resistance on 02/01/2018
- Resistance on 01/31/2018
- 911.300
- Support on 01/11/2021
- Support on 01/04/2021
- Support on 02/20/2018
- Support on 02/19/2018
- Support on 02/18/2018
- Resistance on 02/14/2018
- Resistance on 02/10/2018
- Support on 01/23/2018
- Support on 01/22/2018
- Support on 01/17/2018
- Support on 01/16/2018
Click on the level to view price action history. |