For Friday, 76.99 can contain selling through next week, above which 88.77 remains a 3 - 5 week objective.
Upside Friday, 81.14 can contain session strength, while closing today above 81.14 indicates 83.96 within 1 - 2 days, where the market can top out through the balance of next week.
A daily settlement above 83.96 would indicate the targeted 88.77 - 89.42 within another full week of activity, able to contain broader market buying pressures through winter.
Downside Friday, breaking/opening below 76.99 allows 76.04, also able to contain selling through next week and the point to settle below for pivoting the market south into later January, long-term support in the 63.95 - 66.28 region then expected within 3 - 5 weeks.
Upside Friday, 81.14 can contain session strength, while closing today above 81.14 indicates 83.96 within 1 - 2 days, where the market can top out through the balance of next week.
A daily settlement above 83.96 would indicate the targeted 88.77 - 89.42 within another full week of activity, able to contain broader market buying pressures through winter.
Downside Friday, breaking/opening below 76.99 allows 76.04, also able to contain selling through next week and the point to settle below for pivoting the market south into later January, long-term support in the 63.95 - 66.28 region then expected within 3 - 5 weeks.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.