This Week (July 8 - 12):
Support: The 20-day moving average around $96.70 is the first floor. Below that, the key range support is at $95.00.
Resistance: The top of the range and the all-time high around $101.50 is the ceiling that needs to break.
Next Month (July):
Support: The main support for the entire structure is the $95.00 level. A break below that would be a major warning sign.
Resistance: If we break above $101.50, there is no overhead resistance. We would be in "blue sky territory," with a projected target near $108.
Support: The 20-day moving average around $96.70 is the first floor. Below that, the key range support is at $95.00.
Resistance: The top of the range and the all-time high around $101.50 is the ceiling that needs to break.
Next Month (July):
Support: The main support for the entire structure is the $95.00 level. A break below that would be a major warning sign.
Resistance: If we break above $101.50, there is no overhead resistance. We would be in "blue sky territory," with a projected target near $108.
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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.