Midterm forecast: - While the price is above the support 97.50, resumption of uptrend is expected.
- We make sure when the resistance at 170.50 breaks.
- If the support at 97.50 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 119.00 on 06/08/2021, so more gains to resistance(s) 142.25 and maximum to Major Resistance (170.50) 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 42.
Supports and Resistances: - 303.55
- Resistance on 05/07/2021
- Resistance on 05/06/2021
- 125.75
- Support on 06/12/2021
- Support on 06/09/2021
- Support on 06/08/2021
- Support on 05/30/2021
- Support on 05/21/2021
- Support on 05/19/2021
- Support on 02/28/2021
- Support on 02/06/2021
- Resistance on 02/02/2021
- Resistance on 01/20/2021
- Support on 01/19/2021
- Resistance on 01/16/2021
- Resistance on 01/15/2021
- Resistance on 01/14/2021
- Support on 01/10/2021
- Support on 01/08/2021
- Support on 01/06/2021
- Support on 01/05/2021
- Support on 01/04/2021
Click on the level to view price action history. |