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Weekly Scenario:
The MACD divergence still supports the case for a bounce which should find resistance initially at 28.38-28.68 zone and then on a breach of that zone we would next target 29.80-30.00.But the intermediate term is still down,this could just be a bounce which is normal in markets as we all now.Long term support lies at 24.26-22 zone which would be reached with the break of the support shelf at 26.30.
Have a great trading week ahead.
The MACD divergence still supports the case for a bounce which should find resistance initially at 28.38-28.68 zone and then on a breach of that zone we would next target 29.80-30.00.But the intermediate term is still down,this could just be a bounce which is normal in markets as we all now.Long term support lies at 24.26-22 zone which would be reached with the break of the support shelf at 26.30.
This was by far one of the best predictions by you..i am a big follower of this blog.You provide great insights !! My trades are getting better! Thank you
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