For Tuesday, the 77.79 level can contain selling into later week, above which 80.65 and 81.73 long-term resistance remains in 3 - 5 day target able to contain buying through summer activity.
A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months.
Downside Tuesday, closing below 77.79 indicates a good weekly high, 75.34 then expected within several days, 73.30 by the end of next week, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.
A weekly settlement above 81.73 would set off a significant buy signal into later year, 103.70 then expected over the following 3 - 5 months.
Downside Tuesday, closing below 77.79 indicates a good weekly high, 75.34 then expected within several days, 73.30 by the end of next week, able to contain weekly selling pressures when tested and a meaningful downside continuation point into later August.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.