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
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.