For Wednesday, 69.95 can contain buying through the balance of the week, possibly resulting and 62.14 over the next several weeks.
On that score, a settlement today below 67.16 what a firm 62.14 as a 1 - 2 week target able to contain broader market selling into later summer.
Upside Wednesday, pushing/opening above 69.95 allows 71.73, while closing today above 69.95 allows 76.48 over the next 2 - 3 weeks, able to contain weekly buying pressures when tested and the region to settle above for signaling 81.85 long-term resistance within several more weeks.
On that score, a settlement today below 67.16 what a firm 62.14 as a 1 - 2 week target able to contain broader market selling into later summer.
Upside Wednesday, pushing/opening above 69.95 allows 71.73, while closing today above 69.95 allows 76.48 over the next 2 - 3 weeks, able to contain weekly buying pressures when tested and the region to settle above for signaling 81.85 long-term resistance within several more weeks.
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