For Thursday, 72.74 can contain weekly buying pressures, below which 68.77 is likely by the end of next week, possibly yielding 62.14 within 3 - 5 weeks.
Downside Thursday, 71.69 can contain intraday weakness, below which 69.84 is attainable intraday and able to contain session weakness.
Closing today below 69.84 signal 68.77 tomorrow, where the market can bottom out into later next week and the point to settle below for then indicating 62.14 within 2 - 3 weeks.
Upside Thursday, pushing/opening above 72.74 allows 75.93, while closing today above 72.74 indicates 82.95 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
Downside Thursday, 71.69 can contain intraday weakness, below which 69.84 is attainable intraday and able to contain session weakness.
Closing today below 69.84 signal 68.77 tomorrow, where the market can bottom out into later next week and the point to settle below for then indicating 62.14 within 2 - 3 weeks.
Upside Thursday, pushing/opening above 72.74 allows 75.93, while closing today above 72.74 indicates 82.95 within 2 - 3 weeks, the start of a range of long-term resistance up to 84.41 able to contain buying into later summer.
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.