After attempting to break this heavy resistance line once before about last week, it appears we have opened at support and hopefully it holds this time. It looks like we also broke out of a bull flag created in yesterdays price action, if this support holds as strong as it was when it was a resistance, I will be looking to hit at least the 84.62 USD target, if we break up past that level, my eyes are on the 86.13 USD target. if we break back under, I will be looking for support at the top of the ascending channel that's been holding pretty strong as of late.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.