Our pivot point is at 77.60.
Alternative scenario: the downside breakout of 77.60 would call for 74.60 and 72.80.
2020-12-16
71
Our preference: rebound towards 85.80.
Alternative scenario: the downside breakout of 77.60 would call for 74.60 and 72.80.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 80.70 and 81.30).
Supports and resistances:
89.40 **
87.60 *
85.80 **
84.00
80.43 last
78.80
77.60 **
Disclaimer
The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.
No comments:
Post a Comment