Our current MQT assessment of it is Long Weak, but this week it is finding in its rise zones of resistance to continue. In fact, the whole month of August was trying shorts, but the key supports prevented it from falling and this September we are witnessing the rebound / climb mentioned the beginning. As will always be what the price and our volume indicator do, that is, the overcoming or loss of the areas that we will now comment on those that define whether or not they can be with them and always with volume the stronger the better and if we should not see consolidation of areas . All these areas are included between 50 and 60, the following support or resistance areas outside these will be detailed in today's video analysis that accompanies this paper.
The key resistances to overcome are in order of how you will find the SMA of 30 on a weekly chart (58.00), the roof of the channel started in October 2018 (+ -58.50) and the Fibonacci 61.8% lower (60, 49).
The key supports, in order as you will find them, are the SMA's of 200 in daily chart (56.32), that of 200 in hourly chart (56.10) and that of 30 in daily chart (55.32), that of 200 on a weekly chart (53.42) and the Fibonacci 61.8% lower (51.72).
For all this and as we have been warning lately, all prudence will never hurt.
See in our video analysis today everything in greater detail, as well as the key areas to contemplate and a more extensive explanation.
Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the current market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source link
https://es.investing.com/analysis/video-el-crudo-estable-y-bien-delimitado-entre-zonas-claves-200431729
