Type : Bearish dip
Resistance : 103.78
Pivot: 95.09
Support : 93.51
Preferred case: Prices have approached a pivot . We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 93.51 in line with 161.8% Fibonacci projection .
Fundamentals: With ongoing inflation and war tension, we will expect more bullish upside with the commodity.
Resistance : 103.78
Pivot: 95.09
Support : 93.51
Preferred case: Prices have approached a pivot . We see the potential for a bounce from our pivot at 95.09 which is a graphical overlap and in line with 127.2% Fibonacci extension towards our 1st resistance at 103.78 in line with 127.2% Fibonacci Projection .
Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 93.51 in line with 161.8% Fibonacci projection .
Fundamentals: With ongoing inflation and war tension, we will expect more bullish upside with the commodity.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.