reversal point is at: 64.6
Our view: The market is focusing is 64.6; 63.2 - target point.
Alternative scenario: The upside breakout 64.6 confirms the growth to 64.7 and 64.9.
Note: RSI below 50. MACD is positive and below its signal line. MACD must penetrate down the zero line to corroborate the continued fall. In addition, the course is below its 20-day moving average (64.5188) but above its 50-day moving average (63.3303).
Support and resistance levels:
64.9 **
64.7 *
64.3 **
64.1
63.9182 (closing price)
63.4
63.2 **
62.9 *
62.7 **
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Our view: The market is focusing is 64.6; 63.2 - target point.
Alternative scenario: The upside breakout 64.6 confirms the growth to 64.7 and 64.9.
Note: RSI below 50. MACD is positive and below its signal line. MACD must penetrate down the zero line to corroborate the continued fall. In addition, the course is below its 20-day moving average (64.5188) but above its 50-day moving average (63.3303).
Support and resistance levels:
64.9 **
64.7 *
64.3 **
64.1
63.9182 (closing price)
63.4
63.2 **
62.9 *
62.7 **
Join my private group for free signals, analysis and training. Msg. for details.