DJI approaching support, potential for further upside
Description:
Price is facing bullish pressure from our pivot, in line with our graphical overlap support level and 38.2% fibonacci retracement level where we could see a further upside above this level. Failure to hold above our pivot level at 31193 could see price drop towards our first support at 30737.
Pivot: 31193
Supporting Points:
38.2% fibonacci retracement level
1st Support: 30737
Supporting Points:
61.8% fibonacci retracement
1st Resistance: 32009
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.
Price is facing bullish pressure from our pivot, in line with our graphical overlap support level and 38.2% fibonacci retracement level where we could see a further upside above this level. Failure to hold above our pivot level at 31193 could see price drop towards our first support at 30737.
Pivot: 31193
Supporting Points:
38.2% fibonacci retracement level
1st Support: 30737
Supporting Points:
61.8% fibonacci retracement
1st Resistance: 32009
Supporting Points:
Graphical swing high resistance
Trading FX & CFDs carries high risk.