Prices have been trading in an up-sloping trend channel.
Now, the prices have overhauled a down-sloping trendline.
Weekly MACD has also turned positive.
Prices are now expected to resume its up-trend and test the upper end of the Trend Channel placed around 2050.
Bullish view remains valid as long as prices trade above 1300.
Now, the prices have overhauled a down-sloping trendline.
Weekly MACD has also turned positive.
Prices are now expected to resume its up-trend and test the upper end of the Trend Channel placed around 2050.
Bullish view remains valid as long as prices trade above 1300.
Trade closed: target reached:
Target of 2050 has been met!