PointsJan 02, 2018 08:08AM GMT
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 2067.5 2154.4 2231.7 2318.6 2395.9 2482.8 2560.1
Fibonacci 2154.4 2217.1 2255.9 2318.6 2381.3 2420.1 2482.8
Camarilla 2263.8 2278.9 2293.9 2318.6 2324.1 2339.1 2354.2
Woodie's 2062.7 2152.0 2226.9 2316.2 2391.1 2480.4 2555.3
DeMark's - - 2193.1 2299.3 2357.2 - -
The pair seems to be struggling to move above the trend line resistance at $2400.Above, the 100 hourly simple moving average is positioned at $2400 and is acting as a hurdle. It won’t be easy for buyers to break the $2400 resistance. Once they succeed, the price could accelerate above the $2600 level in the near term.
On the downside, there is a bullish trend line with support at $2300 on the same chart. A close below $2300 could negate the possible upside move and push the price toward $2100.
i will recommend a buy at 2320 with a take profit at 2500 and stop loss at 2200( dont forget to trail your profits with at least 50points)
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 2067.5 2154.4 2231.7 2318.6 2395.9 2482.8 2560.1
Fibonacci 2154.4 2217.1 2255.9 2318.6 2381.3 2420.1 2482.8
Camarilla 2263.8 2278.9 2293.9 2318.6 2324.1 2339.1 2354.2
Woodie's 2062.7 2152.0 2226.9 2316.2 2391.1 2480.4 2555.3
DeMark's - - 2193.1 2299.3 2357.2 - -
The pair seems to be struggling to move above the trend line resistance at $2400.Above, the 100 hourly simple moving average is positioned at $2400 and is acting as a hurdle. It won’t be easy for buyers to break the $2400 resistance. Once they succeed, the price could accelerate above the $2600 level in the near term.
On the downside, there is a bullish trend line with support at $2300 on the same chart. A close below $2300 could negate the possible upside move and push the price toward $2100.
i will recommend a buy at 2320 with a take profit at 2500 and stop loss at 2200( dont forget to trail your profits with at least 50points)