Price expected to move sideways for the next 1 to 3 weeks. Stay neutral between 1236.50/1238.00 and 1183.15.
Only surpassing above resistance at 1236.50/1238.00 will we see a further rise on price.
Else, a break below support at 1183.15/1180 will we see further drop on price.
Only surpassing above resistance at 1236.50/1238.00 will we see a further rise on price.
Else, a break below support at 1183.15/1180 will we see further drop on price.
- RSI shows little upside potential coming close to descending trendline resistance. Yet holding above 43% support level.
- Elements are mixed.
Note
Market surpassed resistance at 1236.50. Validating further rise.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
Disclaimer
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.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
Disclaimer
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.