Monthly: Strong uptrend. last month closed as a spinning top. Tapped off the 132.00 area for the past 2 months without being able to break this area.
Weekly: We have been ranging from 132.00 to 134.00 for the last 10 weeks, however this weeks candle provided a false breakout to the downside before swiftly returning abpve 132.00 support, with the weeks candle looking to be closing as a strong bull candle.
Daily: A hammer was formed yesterday. Yesterday also took out the previous days lows before returning to the upside, a good sign that price is going to move upwards.
4HR: Cross of MA's to the Upside. Morning star formation formed on the 22nd November suggesting an upwards move.
Weekly: We have been ranging from 132.00 to 134.00 for the last 10 weeks, however this weeks candle provided a false breakout to the downside before swiftly returning abpve 132.00 support, with the weeks candle looking to be closing as a strong bull candle.
Daily: A hammer was formed yesterday. Yesterday also took out the previous days lows before returning to the upside, a good sign that price is going to move upwards.
4HR: Cross of MA's to the Upside. Morning star formation formed on the 22nd November suggesting an upwards move.