is approaching our first resistance at 56.85 (horizontal swing high resistance, 23.6% Fibonacci retracement
, 100% Fibonacci extension
, Elliot wave
structure) where a strong drop might occur to our major support at 44.79 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement
(89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.