For Thursday, both 79.21 and 76.38 can firmly contain intraday activity, beyond which the next notable level is attainable intraday.
Downside Thursday, breaking/opening below 76.38 signals 74.29, able to contain selling through next week, once tested 84.37 attainable within several weeks.
A daily settlement below 74.29 would indicate 68.42 over the next 1 - 2 weeks, long-term support able to contain selling through spring.
Upside Thursday, pushing/opening above 79.21 allows 81.53, able to contain daily buying pressures.
Closing today above 81.53 signals 84.37 within several days, where the market can top out through next week and the beginning of a narrowing zone of longer-term resistance up to 86.75 able to contain buying into spring trade.
Downside Thursday, breaking/opening below 76.38 signals 74.29, able to contain selling through next week, once tested 84.37 attainable within several weeks.
A daily settlement below 74.29 would indicate 68.42 over the next 1 - 2 weeks, long-term support able to contain selling through spring.
Upside Thursday, pushing/opening above 79.21 allows 81.53, able to contain daily buying pressures.
Closing today above 81.53 signals 84.37 within several days, where the market can top out through next week and the beginning of a narrowing zone of longer-term resistance up to 86.75 able to contain buying into spring trade.
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.