Midterm forecast: - While the price is below the resistance 77.500, beginning of downtrend is expected.
- We make sure when the support at 67.000 breaks.
- If the resistance at 77.500 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis: - The Rising Wedge taking shape and as a bearish pattern suggests we will soon see another leg lower if price breaks and closes below uptrend.
- A trough is formed in daily chart at 67.00 on 07/20/2021, so more gains maximum to Major Resistance (77.50) 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 57.
Take Profits: - 71.05
- Support on 07/22/2021
- Support on 06/10/2021
- Support on 06/08/2021
- Resistance on 06/01/2021
- Resistance on 03/08/2021
- Peak on 03/08/2021
- 67.00
- Support on 07/20/2021
- Trough on 07/20/2021
- Resistance on 05/21/2021
- Resistance on 05/20/2021
- Support on 05/18/2021
- Support on 05/11/2021
- Resistance on 04/28/2021
- Resistance on 04/20/2021
- Resistance on 04/19/2021
- Resistance on 04/16/2021
- Support on 03/17/2021
- Support on 03/16/2021
- Support on 03/10/2021
- Resistance on 03/04/2021
- 63.95
- Support on 04/26/2021
- Trough on 04/26/2021
- Support on 04/22/2021
- Resistance on 04/13/2021
- Resistance on 04/12/2021
- Resistance on 04/06/2021
- Resistance on 03/25/2021
- Support on 03/22/2021
- Resistance on 03/03/2021
- Support on 02/26/2021
- Support on 02/24/2021
- Resistance on 01/22/2020
- Support on 01/17/2020
- Support on 12/16/2019
- Support on 12/13/2019
- Resistance on 12/12/2019
- Resistance on 12/10/2019
- Resistance on 12/09/2019
- Resistance on 12/06/2019
- Resistance on 09/23/2019
- Resistance on 09/19/2019
- Resistance on 09/18/2019
- Resistance on 08/01/2019
- Support on 07/31/2019
- Resistance on 07/25/2019
- Resistance on 07/22/2019
- Resistance on 07/18/2019
- Resistance on 07/04/2019
- Resistance on 07/03/2019
- Support on 06/28/2019
- Support on 06/25/2019
- Resistance on 06/20/2019
- Support on 03/08/2019
- Resistance on 02/13/2019
- Resistance on 12/07/2018
- Resistance on 11/22/2018
- Resistance on 11/21/2018
- Support on 03/14/2018
- Support on 03/13/2018
- Support on 03/12/2018
- Support on 03/07/2018
- Support on 03/05/2018
- Support on 03/01/2018
- Support on 02/16/2018
- Support on 02/15/2018
- Support on 02/08/2018
- Resistance on 12/13/2017
- Resistance on 12/01/2017
- 60.30
- Support on 03/24/2021
- Support on 03/23/2021
- Trough on 03/23/2021
- Support on 02/12/2021
- Support on 12/03/2019
- Support on 12/02/2019
- Support on 11/29/2019
- Support on 11/08/2019
- Resistance on 10/31/2019
- Support on 10/29/2019
- Support on 09/27/2019
- Support on 09/26/2019
- Support on 09/25/2019
- Support on 09/11/2019
- Resistance on 09/04/2019
- Resistance on 08/30/2019
- Resistance on 08/29/2019
- Resistance on 08/28/2019
- Resistance on 08/22/2019
- Resistance on 08/21/2019
- Support on 08/01/2019
- Support on 06/14/2019
- Support on 06/04/2019
- Support on 06/03/2019
- Support on 02/01/2019
- Support on 01/24/2019
- Support on 01/23/2019
- Support on 01/22/2019
- Support on 12/14/2018
- Support on 12/13/2018
- Support on 12/06/2018
- Support on 12/03/2018
- Support on 11/27/2018
- Resistance on 10/27/2017
- Support on 07/03/2015
- Support on 03/05/2015
- Support on 03/04/2015
- Support on 02/27/2015
- Support on 02/26/2015
- Resistance on 02/24/2015
- Resistance on 02/23/2015
- Support on 02/17/2015
- 54.85
- Support on 02/01/2021
- Support on 01/29/2021
- Support on 01/27/2021
- Support on 01/25/2021
- Support on 01/22/2021
- Support on 01/19/2021
- Resistance on 01/07/2021
- Resistance on 02/26/2020
- Support on 02/24/2020
- Support on 02/06/2020
- Resistance on 01/02/2019
- Resistance on 12/31/2018
- Resistance on 12/27/2018
- Resistance on 12/24/2018
- Support on 12/20/2018
- Support on 10/09/2017
- Resistance on 09/08/2017
- Resistance on 05/25/2017
- Resistance on 05/24/2017
- Support on 04/18/2017
- Resistance on 04/05/2017
- Support on 01/31/2017
- Support on 01/23/2017
- Support on 01/09/2017
- Support on 12/23/2016
- Support on 12/22/2016
- Support on 12/21/2016
- Resistance on 12/09/2016
- Resistance on 12/06/2016
- Resistance on 12/05/2016
- Resistance on 12/02/2016
- Resistance on 12/01/2016
- Resistance on 07/27/2015
- Support on 04/05/2015
- Support on 04/02/2015
- Support on 04/01/2015
- Support on 03/31/2015
- Support on 03/25/2015
- Support on 03/24/2015
- Support on 03/22/2015
- Support on 03/13/2015
- Support on 02/11/2015
- Support on 02/03/2015
- Resistance on 02/02/2015
- 46.50
- Resistance on 08/31/2020
- Resistance on 08/27/2020
- Resistance on 08/26/2020
- Resistance on 08/25/2020
- Peak on 08/25/2020
- Resistance on 08/05/2020
- Support on 07/11/2017
- Support on 07/10/2017
- Support on 07/07/2017
- Resistance on 06/27/2017
- Resistance on 06/26/2017
- Resistance on 06/21/2017
- Support on 11/18/2016
- Resistance on 11/11/2016
- Support on 11/09/2016
- Support on 11/03/2016
- Support on 11/02/2016
- Support on 09/28/2016
- Support on 09/27/2016
- Support on 09/26/2016
- Support on 09/06/2016
- Support on 09/05/2016
- Resistance on 08/11/2016
- Support on 07/20/2016
- Support on 07/14/2016
- Support on 07/13/2016
- Support on 07/08/2016
- Support on 07/07/2016
- Resistance on 05/09/2016
- Resistance on 05/05/2016
- Resistance on 05/03/2016
- Resistance on 11/24/2015
- Support on 11/11/2015
- Support on 08/28/2015
- 36.95
- Support on 06/12/2020
- Resistance on 05/26/2020
- Resistance on 05/21/2020
- Resistance on 04/09/2020
- Resistance on 03/13/2020
- Resistance on 03/12/2020
- Resistance on 03/09/2020
- Support on 03/04/2016
- Resistance on 03/01/2016
- Resistance on 02/29/2016
- Resistance on 02/26/2016
- Resistance on 01/28/2016
- Support on 01/05/2016
- Support on 01/04/2016
- Support on 12/17/2015
- Support on 12/14/2015
Click on the level to view price action history. |