For Tuesday, 71.40 can contain selling through the balance of May, above which 74.32 remains a 3 - 5 day target, the next 3 - 5 weeks allowing 83.67 long-term resistance.
Upside Tuesday, 73.41 can contain intraday strength, beyond which 74.32 is attainable intraday and able to contain session strength.
A settlement today above 74.32 signal 77.35 within several more days, able to contain buying into next week and the point to settle above for then yielding the more meaningful 83.67 within 2 - 3 more weeks.
Downside Tuesday, breaking/opening below 71.40 allows 70.02, while closing today below 71.40 will keep 69.19 in reach over the next several days, where the market can place a weekly low and the point to settle below for indicating 62.14 within 3 - 5 more weeks.
Upside Tuesday, 73.41 can contain intraday strength, beyond which 74.32 is attainable intraday and able to contain session strength.
A settlement today above 74.32 signal 77.35 within several more days, able to contain buying into next week and the point to settle above for then yielding the more meaningful 83.67 within 2 - 3 more weeks.
Downside Tuesday, breaking/opening below 71.40 allows 70.02, while closing today below 71.40 will keep 69.19 in reach over the next several days, where the market can place a weekly low and the point to settle below for indicating 62.14 within 3 - 5 more weeks.
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.