Long positions above 2.35 with targets at 2.60 & 2.70 in extension.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | Bearish to Bullish |
Pivot: 2.35
Our preference: long positions above 2.35 with targets at 2.60 & 2.70 in extension.
Alternative scenario: below 2.35 look for further downside with 2.26 & 2.17 as targets.
Comment: the RSI is bullish and calls for further upside.
Supports and resistances:
While reasonable efforts have been taken to ensure that the calculations performed by the features of this site are reliable, the features are provided on the basis that:-