Preference:

Prices are on bullish momentum. We see potential for a bounce from our Pivot at 70.648 in line with 23.6% Fibonacci retracement towards our 1st resistance at 73.464 in line with 61.8% Fibonacci retracement.

Alternative Scenario:

Alternatively, prices may dip towards our 1st support at 68.503 in line with 50% Fibonacci retracement and 23.6% Fibonacci retracement.

Improve Your Trading

Did you know that SuperTrader Markets has a VIP room where you can learn to trade from a team of award-winning analysts?

Check out our exclusive Live Trading Room where you can ask questions directly to a team of CFA, CMT, CFTe accredited analysts.