The easing of concerns about trade tariffs under new President Donald Trump and geopolitical tensions have further reduced demand for…
Consolidation day Because the sellers did not maintain control today, there will be no follow-up to Monday's sale. Overall, price…
Weekly chart shows strength The weekly chart with a longer time frame (not shown) shows greater strength than what is…
Higher up the target zone is 2,688 If the 50-day line can then be reclaimed and buyers remain in control,…
Short-term strength in counter-trend rally Nevertheless, the trendline closely coincides with the 20-day MA indicated as resistance at the recent…
Market expectations surrounding the incoming Trump administration's trade policies have further fueled uncertainty, with concerns that tariffs could disrupt global…
Downward trend remains dominant If further weakness follows today's small pullback, the strength of the downtrend could regain influence and…
Faces on the key in the short term Also, an important point to consider is that the short-term downtrend line's…
20 days of support at risk The next lower short uptrend line is a measure of dynamic support for the…
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