on weekly chart, it has been taking support at 20W MA. better risk reward on weekly and monthly. price moving in a rising channel on weekly chart. consolidated nicely between 110-120 for the last 2 months on monthly chart lower trendline support placed near to current price. above 120-125, it can swiftly move to 145 with in a month. RSI indicating bullish strength on weekly.
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.