Midterm forecast: - While the price is above the support 73.850, beginning of uptrend is expected.
- We make sure when the resistance at 79.400 breaks.
- If the support at 73.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis: - The descending flag taking shape suggests we will soon see another leg lower.
- While the RSI uptrend #1 is not broken, bullish wave in price would continue.
- A trough is formed in daily chart at 76.53 on 05/22/2020, so more gains to resistance(s) 78.50 and maximum to Major Resistance (79.40) 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 60.
Supports and Resistances: - 91.65
- Resistance on 09/15/2017
- Peak on 09/15/2017
- Support on 12/04/2015
- Support on 12/03/2015
- Support on 11/30/2015
- Support on 11/27/2015
- Support on 11/24/2015
- Support on 11/23/2015
- 88.45
- Support on 10/03/2018
- Support on 01/23/2018
- Support on 01/19/2018
- Support on 01/17/2018
- Support on 01/11/2018
- Support on 01/10/2018
- Resistance on 12/20/2017
- Resistance on 12/12/2017
- Resistance on 12/11/2017
- Resistance on 12/08/2017
- Resistance on 12/01/2017
- Support on 10/27/2017
- Support on 10/26/2017
- Support on 09/08/2017
- Resistance on 09/05/2017
- Resistance on 09/04/2017
- Resistance on 08/01/2017
- Support on 07/28/2017
- Support on 07/27/2017
- Support on 07/24/2017
- Support on 07/21/2017
- Resistance on 07/11/2017
- Resistance on 07/10/2017
- Resistance on 07/07/2017
- Resistance on 01/09/2017
- Resistance on 01/06/2017
- Resistance on 01/04/2017
- Resistance on 12/19/2016
- Resistance on 12/14/2016
- Resistance on 12/12/2016
- 86.30
- Resistance on 12/03/2018
- Resistance on 11/16/2018
- Resistance on 11/15/2018
- Resistance on 11/14/2018
- Resistance on 11/13/2018
- Resistance on 11/12/2018
- Resistance on 11/01/2018
- Resistance on 10/31/2018
- Resistance on 10/30/2018
- Support on 10/17/2018
- Support on 09/27/2018
- Resistance on 08/01/2018
- 81.55
- Resistance on 03/03/2020
- Support on 02/04/2020
- Support on 02/03/2020
- Support on 12/04/2019
- Support on 12/03/2019
- Support on 11/22/2019
- Support on 11/21/2019
- Support on 11/20/2019
- Support on 11/14/2019
- Resistance on 10/02/2019
- Resistance on 09/27/2019
- Resistance on 09/20/2019
- Resistance on 09/09/2019
- Resistance on 06/21/2019
- Resistance on 06/20/2019
- Resistance on 06/13/2019
- Resistance on 06/07/2019
- Resistance on 05/30/2019
- Resistance on 05/28/2019
- Resistance on 05/15/2019
- Resistance on 05/14/2019
- Support on 05/08/2019
- Support on 03/25/2019
- Support on 01/17/2019
- Support on 01/16/2019
- Resistance on 12/28/2018
- Support on 04/02/2018
- Resistance on 03/23/2018
- Resistance on 03/20/2018
- Resistance on 03/16/2018
- Support on 03/07/2018
- Support on 03/06/2018
- Support on 03/05/2018
- Support on 06/12/2017
- Support on 06/02/2017
- Support on 05/05/2017
- Support on 05/04/2017
- Support on 05/03/2017
- Support on 04/17/2017
- Resistance on 11/17/2016
- Resistance on 11/16/2016
- Support on 02/25/2016
- 78.50
- Resistance on 05/28/2020
- Resistance on 05/27/2020
- Resistance on 03/26/2020
- Resistance on 03/25/2020
- Peak on 03/25/2020
- Resistance on 03/13/2020
- Support on 08/26/2019
- Support on 01/03/2019
- Support on 11/11/2016
- Support on 11/10/2016
- Resistance on 11/01/2016
- Resistance on 10/31/2016
- Resistance on 10/25/2016
- Resistance on 10/24/2016
- Support on 10/20/2016
- Support on 10/19/2016
- Support on 10/14/2016
- Resistance on 10/12/2016
- Support on 09/08/2016
- Support on 09/01/2016
- Support on 08/31/2016
- Resistance on 08/26/2016
- Resistance on 08/19/2016
- Resistance on 08/18/2016
- Resistance on 08/17/2016
- Resistance on 08/15/2016
- Resistance on 08/12/2016
- Resistance on 08/11/2016
- Resistance on 07/11/2016
- Resistance on 07/07/2016
- Support on 06/29/2016
- Support on 08/10/2012
- Resistance on 08/06/2012
- Resistance on 08/03/2012
- Resistance on 06/25/2012
- Resistance on 06/22/2012
- Resistance on 06/21/2012
- Resistance on 05/22/2012
- Resistance on 02/15/2012
- Resistance on 02/14/2012
- Resistance on 11/01/2011
- Resistance on 10/31/2011
- Resistance on 09/19/2011
- Resistance on 09/16/2011
- Resistance on 09/09/2011
- Resistance on 09/06/2011
- Resistance on 08/31/2011
- Resistance on 08/26/2011
- Resistance on 08/25/2011
- Resistance on 08/16/2011
- Resistance on 08/15/2011
- Support on 10/20/2010
- Support on 08/31/2010
- Support on 08/24/2010
- Support on 07/08/2009
- Support on 04/28/2009
- Support on 04/23/2009
- Support on 04/22/2009
- Support on 04/21/2009
- Resistance on 04/01/2009
- Resistance on 03/31/2009
- Support on 03/27/2009
- Support on 03/25/2009
- Support on 01/06/2009
- Resistance on 11/26/2008
- Support on 11/18/2008
- Support on 10/31/2008
- Resistance on 10/28/2008
- Resistance on 10/24/2008
- Resistance on 10/23/2008
- 76.75
- Resistance on 04/24/2020
- Resistance on 04/23/2020
- Resistance on 04/20/2020
- Resistance on 04/03/2020
- Resistance on 03/31/2020
- Support on 03/27/2020
- Support on 03/25/2020
- Resistance on 03/17/2020
- Resistance on 03/12/2020
- Resistance on 03/11/2020
- Resistance on 03/10/2020
- Support on 01/03/2019
- Support on 11/09/2016
- Support on 11/04/2016
- Support on 11/03/2016
- Resistance on 09/27/2016
- Resistance on 09/26/2016
- Support on 09/20/2016
- Support on 08/03/2016
- Support on 08/02/2016
- Support on 07/08/2016
- Support on 06/24/2016
- Support on 07/26/2012
- Support on 07/23/2012
- Support on 06/29/2012
- Support on 06/28/2012
- Support on 06/18/2012
- Support on 06/15/2012
- Support on 06/12/2012
- Resistance on 05/31/2012
- Support on 02/07/2012
- Support on 02/06/2012
- Support on 01/25/2012
- Resistance on 12/23/2011
- Resistance on 12/05/2011
- Resistance on 12/02/2011
- Resistance on 12/01/2011
- Support on 11/08/2011
- Support on 11/07/2011
- Support on 11/04/2011
- Support on 11/03/2011
- Support on 11/02/2011
- Support on 11/01/2011
- Resistance on 10/28/2011
- Resistance on 10/27/2011
- Resistance on 10/17/2011
- Support on 09/20/2011
- Support on 09/12/2011
- Support on 08/11/2011
- Support on 08/10/2011
- Support on 08/09/2011
- Support on 03/30/2009
- Support on 03/18/2009
- Support on 03/16/2009
- Resistance on 03/12/2009
- Resistance on 03/09/2009
- Resistance on 03/06/2009
- Resistance on 03/02/2009
- Support on 02/25/2009
- Support on 01/08/2009
- Support on 11/28/2008
- Support on 11/26/2008
- Support on 11/25/2008
- Resistance on 11/20/2008
- Support on 10/29/2008
- Support on 10/23/2008
- 75.40
- Support on 05/04/2020
- Support on 04/21/2020
- Support on 04/02/2020
- Support on 04/01/2020
- Support on 03/31/2020
- Support on 03/17/2020
- Support on 03/16/2020
- Support on 11/09/2016
- Support on 09/27/2016
Click on the level to view price action history. |