This Week (July 8 - 12):
Support: The recent consolidation shelf around $130.00 is the first line of defense. The absolute low and our line in the sand is the Selling Climax low at $127.60.
Resistance: The 20-week moving average at $138.30 is the immediate ceiling it needs to break through.
Next Month (July/August):
Support: The $127.60 low remains the critical long-term support.
Resistance: If it can clear the $140 level, the next major area of resistance to watch is around $150.00, a previous support zone that will likely attract sellers.
Support: The recent consolidation shelf around $130.00 is the first line of defense. The absolute low and our line in the sand is the Selling Climax low at $127.60.
Resistance: The 20-week moving average at $138.30 is the immediate ceiling it needs to break through.
Next Month (July/August):
Support: The $127.60 low remains the critical long-term support.
Resistance: If it can clear the $140 level, the next major area of resistance to watch is around $150.00, a previous support zone that will likely attract sellers.
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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.
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.