Midterm forecast: - While the price is below the resistance 76.850, beginning of downtrend is expected.
- We make sure when the support at 69.950 breaks.
- If the resistance at 76.850 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis: - There is a divergence in RSI and price between the peak at 76.775 on 2020-06-08 and the peak at 76.86 on 2020-07-22, the probability of uptrend continuation is decreased and the probability of beginning of downtrend is increased.
- While the RSI support #1 at 50 is not broken, the probability of price decrease would be too low.
- A peak is formed in daily chart at 76.85 on 07/22/2020, so more losses to support(s) 74.70, 73.40, 72.40 and minimum to Major Support (69.95) is expected.
- Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
- Relative strength index (RSI) is 58.
Supports and Resistances: - 90.30
- Resistance on 09/21/2017
- Resistance on 12/04/2015
- Resistance on 12/03/2015
- Resistance on 12/02/2015
- Support on 08/20/2015
- Support on 08/12/2015
- Support on 08/04/2015
- Support on 08/03/2015
- Support on 07/31/2015
- Support on 07/30/2015
- Support on 07/29/2015
- Support on 07/10/2015
- Support on 07/07/2015
- Support on 04/02/2015
- Support on 02/03/2015
- Support on 02/06/2014
- Resistance on 01/30/2014
- 85.85
- Resistance on 02/08/2018
- Support on 02/06/2018
- Support on 02/05/2018
- Resistance on 12/12/2017
- Resistance on 12/06/2017
- Resistance on 12/05/2017
- Resistance on 12/04/2017
- Resistance on 11/17/2017
- Support on 08/29/2017
- Support on 08/24/2017
- Support on 08/11/2017
- Support on 07/05/2017
- Support on 07/04/2017
- Resistance on 06/28/2017
- Resistance on 03/31/2017
- Support on 03/21/2017
- Support on 03/09/2017
- Support on 02/28/2017
- Support on 02/27/2017
- Support on 02/24/2017
- Support on 02/02/2017
- Support on 01/30/2017
- Support on 01/19/2017
- Resistance on 01/16/2017
- Resistance on 01/13/2017
- Resistance on 01/12/2017
- Resistance on 01/09/2017
- Resistance on 12/21/2016
- Support on 12/16/2016
- Support on 12/12/2016
- Resistance on 12/09/2016
- Resistance on 04/21/2016
- Resistance on 04/20/2016
- Resistance on 04/04/2016
- Support on 03/31/2016
- Support on 03/30/2016
- Resistance on 03/23/2016
- Resistance on 03/17/2016
- Resistance on 01/29/2016
- Support on 01/04/2016
- Support on 10/28/2015
- Support on 10/08/2015
- 82.75
- Resistance on 12/05/2018
- Resistance on 11/16/2018
- Resistance on 11/15/2018
- Resistance on 11/09/2018
- Resistance on 11/08/2018
- Resistance on 11/07/2018
- Resistance on 08/08/2018
- Resistance on 08/07/2018
- Resistance on 08/02/2018
- Resistance on 07/26/2018
- Resistance on 07/25/2018
- 80.70
- Resistance on 04/17/2019
- Support on 12/18/2018
- Support on 12/10/2018
- Trough on 12/10/2018
- Resistance on 10/05/2018
- Resistance on 09/14/2018
- Resistance on 09/13/2018
- Resistance on 08/31/2018
- Support on 08/21/2018
- Resistance on 08/16/2018
- Support on 08/10/2018
- Support on 06/28/2018
- Support on 06/27/2018
- Support on 06/19/2018
- Support on 03/28/2018
- 76.85
- Resistance on 07/22/2020
- Peak on 07/22/2020
- Resistance on 06/08/2020
- Resistance on 06/05/2020
- Resistance on 05/13/2019
- Support on 05/08/2019
- Support on 05/06/2019
- Support on 01/07/2019
- Resistance on 01/02/2019
- Support on 11/09/2016
- 72.40
- Support on 06/12/2020
- Support on 02/03/2020
- Support on 01/31/2020
- Trough on 01/08/2020
- Resistance on 10/09/2019
- Resistance on 10/08/2019
- Resistance on 10/07/2019
- Resistance on 10/04/2019
- Resistance on 10/02/2019
- Support on 09/25/2019
- Resistance on 09/04/2019
- Resistance on 08/22/2019
- Resistance on 08/21/2019
- Resistance on 08/20/2019
- Resistance on 08/15/2019
- Resistance on 08/08/2019
- Resistance on 08/06/2019
- Resistance on 08/05/2019
- Support on 08/02/2019
- Support on 01/03/2019
- Support on 06/24/2016
Click on the level to view price action history. |