Weekly Chart :
The XME is in a Down Trend for almost 2 years.
Two important Technical keys:
1. The Down Trendline
2. The Support are of 24.25-25.43
Daily Chart :
The price getting squeezed between the trendline and the support area -
The Probable Scenarios :
Scenario #1 is more probable, im looking for a break of the support area, in that case, the first target priceis 20.4.
In scenario #2, longs can be taken only above 29.39, and if the volume and trend show strong signals of buying.
The XME is in a Down Trend for almost 2 years.
Two important Technical keys:
1. The Down Trendline
2. The Support are of 24.25-25.43
Daily Chart :
The price getting squeezed between the trendline and the support area -
The Probable Scenarios :
Scenario #1 is more probable, im looking for a break of the support area, in that case, the first target priceis 20.4.
In scenario #2, longs can be taken only above 29.39, and if the volume and trend show strong signals of buying.
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.
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.