For Friday, 74.39 can contain selling through next week, possibly through February trade, once tested the narrowing 84.37 - 86.70 region attainable within 3 - 5 weeks.
Upside Friday, 77.06 can contain session strength, while closing above 77.06 indicate 79.87 within several days, where the market can top out through the balance of next week.
A daily settlement above 79.86 signals 84.37 within 3 - 5 days, the start of a narrowing zone of longer-term resistance up to 86.70 able to contain buying into spring.
Downside Friday, closing below 74.39 indicates 68.42 within 1 - 2 weeks, long-term support able to contain selling through spring.
Upside Friday, 77.06 can contain session strength, while closing above 77.06 indicate 79.87 within several days, where the market can top out through the balance of next week.
A daily settlement above 79.86 signals 84.37 within 3 - 5 days, the start of a narrowing zone of longer-term resistance up to 86.70 able to contain buying into spring.
Downside Friday, closing below 74.39 indicates 68.42 within 1 - 2 weeks, long-term support able to contain selling through spring.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
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.