For Friday, 4309.25 can contain session weakness, 4348.75 in reach and able to contain intraday strength, beyond which 4385.00 is attainable intraday and able to contain session strength. Closing today above 4385.00 indicates 4419.00 within 3 - 5 days, rising weekly channel resistance able to contain weekly buying pressures when tested, possibly into later...
For Friday, 72.37 can contain buying later next week, below which 68.34 remains a 3 - 5 day target able to contain selling over the same time horizon. A daily settlement below 68.34 indicates 62.14 over the next 2 - 3 weeks, where the market can bottom out through summer activity. Upside Friday, closing above 72.37 indicates 77.56 within 3 - 5 days, able...
For Thursday, 4309.25 can contain session strength, 4267.50 in reach and able to contain session weakness. Closing today below 4267.50 signals 4195.25 - 4212.00 within several days, long-term support able to contain selling through the balance of the year, and above which 4563.25 remains a 3 - 5 month objective. Upside Thursday, pushing/opening above...
For Thursday, 72.58 can contain buying early next week, below which 68.16 remains a 3 - 5 day target able to contain selling through the balance of next week. A daily settlement below 68.16 indicates 62.14 over the following 2 - 3 weeks, where the market can bottom out through summer activity. Upside Thursday, closing above 72.58 indicates 77.39 within 3...
For Wednesday, 4309.25 can contain session strength, 4271.50 in reach and able to contain session weakness. Closing today below 4271.50 signals 4197.00 - 4212.00 within several days, long-term support able to contain selling through the balance of the year, and above which 4563.25 remains a 3 - 5 month objective. Upside Wednesday, pushing/opening above...
For Wednesday, 72.80 can contain buying early next week, below which 67.99 remains 3 - 5 day target able to contain selling over the same time horizon. A daily settlement below 67.99 indicates 62.14 over the following 2 - 3 weeks, where the market can bottom out through summer activity. Upside Wednesday, closing above 72.80 indicates 77.21 within 3 - 5...
For Tuesday, 4309.25 can contain session strength, 4268.00 in reach and able to contain session weakness. Closing today below 4268.00 signals 4198.75 - 4212.00 within several days, long-term support able to contain selling through the balance of the year, and above which 4563.25 remains 3 - 5 month objective. Upside Tuesday, pushing/opening above 4309.25...
For Tuesday, 71.69 can contain session weakness, above which 73.01 in reach today and able to contain session strength. A daily settlement outside of this zone would indicate directional continuation in the respective direction. In other words, closing today above 73.01 indicates 77.04 within 3 - 5 days, able to contain weekly buying pressures when...
The 4212.00 long-term resistance area can contain selling through the balance of the year, above which 4563.25 remains a 3 - 5 month objective, the 4808.25, January 2022 all-time high expected by the end of the year. Upside this week, 4399.00 can contain weekly buying pressures, with a settlement above 4399.00 indicating 4563.25 within 3 - 5 weeks, able to...
A two-sided framework continues through summer between 62.14 long-term support, and 82.57 long-term resistance, both regions able to contain seasonal activity. Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year. Upside, a weekly settlement above 82.57...
For Friday, the 4202.00 - 4220.00 area can contain session weakness, 4260.50, possibly 4281.50 in reach today, where the market can place a daily high. Overall, a weekly settlement today above 4220.00 signals longer-term bullish continuation, 4309.25 then expected within several weeks, 4548.00 over the next 3 - 5 months (rising steadily). Downside...
For Friday, 70.59 can contain buying through next week, below which 67.16 remains a 3 - 5 day target, 62.14 expected within 3 - 5 weeks. Downside Friday, 69.53 can contain intraday weakness, below which 67.16 is attainable intraday and able to contain session weakness. A daily settlement below 67.16 allows 62.14 by the end of next week, where the market...
For Thursday, the 4203.75 - 4220.00 area can contain buying through the balance of the week, below which selling pressures can build over that time horizon. Overall, a clear weekly settlement tomorrow below 4220.00 maintains a mere testing of long-term resistance, the market susceptible to significant bearish continuation as we move through the third quarter....
For Thursday, 70.49 can contain buying through next week, below which 67.16 remains a 3 - 5 day target, 62.14 expected within 3 - 5 weeks. Downside Thursday, 67.16 can contain session weakness, while closing below 67.16 allows 62.14 by the end of next week, where the market can bottom out on a monthly (possibly seasonal) basis. Upside Thursday, closing...
For Wednesday, the 4205.50 - 4220.00 region remains pivotal through the balance of the year, above which 4309.25 is attainable within the week. Overall, a clear weekly settlement Friday above 4220.00 (last week failed to settle above this significant long-term channel top) would indicate longer-term bullish continuation, 4548.00 (rising weekly) then...
For Wednesday, 70.40 can contain buying through next week, below which 67.16 remains a 3 - 5 day target, 62.14 expected within 3 - 5 weeks. Downside Wednesday, 68.55 can contain intraday weakness, while breaking/opening below 68.55 indicates 67.16, able to contain session weakness. A settlement today below 67.16 allows the targeted 62.14 by the end of...
The 4220.00 long-term resistance area can contain buying through Q3, below which 4012.00 is attainable by the end of June, 3852.25 in reach over the next 2 - 3 months. Upside, a weekly settlement above 4220.00 should mark the resumption of a long-term bull market, then anticipating 4548.00 within 3 - 5 months, a retest of the 4808.25, January 2022 all-time...
A two-sided framework continues through summer between 62.14 long-term support, and 82.93 long-term resistance, both regions able to contain seasonal activity. Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year. Upside, a weekly settlement above 82.93...