TP = 60.20 hit as the 1D Channel Down (Highs/Lows = -1.9164, MACD = -2.510, B/BP = -4.6080) extended to a 59.20 Lower Low. The chart (1D) is now oversold (RSI = 25.241) and since the price hit the 58.20 - 60.20 Monthly support zone, we expect a gradual rebound (timed after this week's Inventories). The key point to break is 61.90 and our long's TP = 64.00.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
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Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.