Price has made its low and formed a "Double Bottom" pattern in weekly time frame.
RSI momentum is also good and showing upside momentum.
Today closing price is 81.90. Next target can be 86 to 87.50 for swing trade or intraday.
If price closes above 84 next target can be 90 or above for long hold.
But price is also near its 50 EMA and last time price has taken Resistance from it. So either price will break 50 EMA and give us the target or it can also face resistance.
RSI momentum is also good and showing upside momentum.
Today closing price is 81.90. Next target can be 86 to 87.50 for swing trade or intraday.
If price closes above 84 next target can be 90 or above for long hold.
But price is also near its 50 EMA and last time price has taken Resistance from it. So either price will break 50 EMA and give us the target or it can also face resistance.
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