Bullish clues:
- Selling volumes were decreasing
- Price reached support zone at 13.115 USD (demand zone)
- Price crosses upward the 20 exponential moving average
- Price crosses upward the bearish oblique resistance (end of the falling wedge)
- RSI crossed the 50 level
The price of US Rice could reach the strong resistance at 13.455 USD, which is exactly the 23.6% Fibonacci retracement level, to the nearest pips.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
- Selling volumes were decreasing
- Price reached support zone at 13.115 USD (demand zone)
- Price crosses upward the 20 exponential moving average
- Price crosses upward the bearish oblique resistance (end of the falling wedge)
- RSI crossed the 50 level
The price of US Rice could reach the strong resistance at 13.455 USD, which is exactly the 23.6% Fibonacci retracement level, to the nearest pips.
Feel free to share, comment and give your opinion if it is constructive ;)
DISCLAIMER: This is not investment advice
Trade closed: target reached
US Rice reached the price level of 13.440 USD and will now reach again the support around 13.100 USD => range.
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.