As we can see in the chart Price is creating LHs & LLs and is rejecting from Resistance trend line, last week price touched 95$ which is acting as a recent Demand Zone (Market created DB there and went up till 116$)
If we see a high volume breakout of the supply zone (R) of 98-99$, which will also be a breakout of R Trend line, we can go long till 105$ (TP1) and 112-114$ (TP2) {Price also creating Falling Wedge pattern on Day TF}
If price consolidate between supply & demand zone and gives us a bearish breakout, we can go short till 90$ (Round figure & next demand zone)
if you are an intraday trader, you can do range trading b/w Demand & Supply zone as price might consolidate first before giving us a breakout
This is purely technical analysis, will update the idea after reading some fundamentals
If we see a high volume breakout of the supply zone (R) of 98-99$, which will also be a breakout of R Trend line, we can go long till 105$ (TP1) and 112-114$ (TP2) {Price also creating Falling Wedge pattern on Day TF}
If price consolidate between supply & demand zone and gives us a bearish breakout, we can go short till 90$ (Round figure & next demand zone)
if you are an intraday trader, you can do range trading b/w Demand & Supply zone as price might consolidate first before giving us a breakout
This is purely technical analysis, will update the idea after reading some fundamentals