Upside, the 86.00 - 87.00 price area can contain selling into later February, above which the 92.00 - 93.00 long-term resistance target was achieved last week. Ascending resistance for this week where the market can place an annual high into later year is currently at 94.50.
On the other hand, a weekly settlement above 94.50 (by a 1% margin) would indicate 115.00 within several months, also able to contain annual buying pressures and the point to settle above for signaling a retest of the 147.00, the 2008 high within several more months.
Downside, a weekly settlement back below 86.00 should mark a good Q1 high, 77.00 then likely over the next several weeks, 66.00 attainable over the following several months time.
On the other hand, a weekly settlement above 94.50 (by a 1% margin) would indicate 115.00 within several months, also able to contain annual buying pressures and the point to settle above for signaling a retest of the 147.00, the 2008 high within several more months.
Downside, a weekly settlement back below 86.00 should mark a good Q1 high, 77.00 then likely over the next several weeks, 66.00 attainable over the following several months time.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。