Pivot PointsJan 03, 2018 04:45PM GMT
Name S3 S2 S1 PP R1 R2 R3
Classic 205.49 218.12 235.74 248.37 265.99 278.62 296.24
Fibonacci 218.12 229.68 236.81 248.37 259.93 267.06 278.62
Camarilla 245.05 247.82 250.60 248.37 256.14 258.92 261.69
Woodie's 207.99 219.37 238.24 249.62 268.49 279.87 298.74
DeMark's - - 242.06 251.53 272.31 - -
Upward trend expected to continue as market price still well above the SMA100 and there is a new support at 207 to 205$ level where it is good to buy on dip.Market has been range bound between 220 and 260$ since 30th of december looking for a decisive break, successful break of the resistance now at 260 can take the pair up to the third resistance at $296 or even 300$ ,so watch out.
Will recommend a strong buy on dip around $221 or $223 with a take profit at $290 or $300 and stop loss at 185$...dont forget to trail your profits as they come
Name S3 S2 S1 PP R1 R2 R3
Classic 205.49 218.12 235.74 248.37 265.99 278.62 296.24
Fibonacci 218.12 229.68 236.81 248.37 259.93 267.06 278.62
Camarilla 245.05 247.82 250.60 248.37 256.14 258.92 261.69
Woodie's 207.99 219.37 238.24 249.62 268.49 279.87 298.74
DeMark's - - 242.06 251.53 272.31 - -
Upward trend expected to continue as market price still well above the SMA100 and there is a new support at 207 to 205$ level where it is good to buy on dip.Market has been range bound between 220 and 260$ since 30th of december looking for a decisive break, successful break of the resistance now at 260 can take the pair up to the third resistance at $296 or even 300$ ,so watch out.
Will recommend a strong buy on dip around $221 or $223 with a take profit at $290 or $300 and stop loss at 185$...dont forget to trail your profits as they come