Yearly S1) thus suggesting further losses during december.
On weekly tf price closed in the lower half of interval
Monthly PP-S1, thus consolidating with a bias.
Price is expected to consolidate further with
pressure and hold in the range of Monthly R1-S1 with bias
to the PP-S1 range during the coming week.
On daily tf price closed just below the weekly PP which is
suggesting more consolidation during monday with price
moving between Weekly R1 and S1.
is showing some and until the
is broken, price is expected to consolidate further.
Overall, price is expected to test the long term
within next month and thus will have to breach the Yearly
S2 at 1,2322.