Monthly chart: the index is based in the least successful location for Opening which is in the middle of the range of the upper envelope (1888.6-2177.9). Upon that, a general ascending dynamics is preserved, so you can search for long signals from the support 1888.6 on yonger charts.
Weekly chart: a serious divirgence will probably make the chart to correct below to 1888.6. Local resistance is - 2119.6 (the upper Bollinger band) , support - 1990.1 (the bottom band)
Day chart: Southern determination starts to be better shaped
Expectations: so, we are considering lowering of the index to support lines 1990.1 and 1888.6, but only as correction towards a major ascending trend.
Trading decisions in the middle run:
1) We sell to targets 1990.1 and 1888.6
2) Buying from 1888.6 to new Highs
Monthly chart: so, everything moves to formation of March Inside bar which confirms threat of decline to 42.05 In April-May.
Weekly chart: local resistance 62.76 (the middle Bollinger band) is the potential location for opening sales.
Day chart: we confirm resistance at 62.76 .
Expectations:I am waiting when Inside Bar for the current month will be eventually formed which can push oil to 62.76. On this level it can face supply at this price and 2 month's slump to 42.05 may start.
1) Local buying to 62.76.
2) Sales from 62.76 to 42.05
Monthly chart: support from the bottom Bollinger band (1141.06) is reliable now. But in general tendency is descending in the direction of 1032.24
Weekly chart: resistance at 1288.40 is quite strong (the upper Bollinger band)
Day chart: resistance is well expressed on the level of 1218.19 (the upper Bollinger band).
Expectations: So, I would wait when gold will drop from 1218.19 to 1141.06
1) Sales from 1218.19 to 1141.06 .
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