4 weeks of red but the red candle getting smaller. In the daily TF, there could be a potential double bottom. We have to watch closely if a bounce happen if not down we go near 40.
Price is still hovering the mid of BB in the monthly TF as if testing if the support is stronger for another rally. But with tight SL if you want to bet on a rally happening anytime.
Price is still hovering the mid of BB in the monthly TF as if testing if the support is stronger for another rally. But with tight SL if you want to bet on a rally happening anytime.
Daily support/resistance on 19th Jun: 44.65, 44.59
Weekly support/resistance from 19th Jun - 23rd Jun: 45.47, 44.94
Weekly support/resistance from 19th Jun - 23rd Jun: 45.47, 44.94
Monthly support/resistance for Jun: 48.38, 47.88 (CLN7, 48.44, 48.07 ; CLQ7: 48.68, 48.34)
Monthly support/resistance for May: 50.98, 49.79 (CLM7: 49.85, 51.17, CLN7: 50.15, 51.5 )
2017 Yearly support/resistance: 49.35, 40.28
Monthly support/resistance for May: 50.98, 49.79 (CLM7: 49.85, 51.17, CLN7: 50.15, 51.5 )
2017 Yearly support/resistance: 49.35, 40.28
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