The price is fluctuating inside the major (red) resistant zone @ 76.8% level as long term bulls hope to push the price over the 100% level to collect the maximum profits (creating a new LH point) since they succeeded to hold the prices inside the resistant zone before closure yesterday.
For safe trading the entry point to be after existing the 61.8% level @ price greater than $94.66 or inside the supporting zone (in case of strong down trend) @ $93.xx.
Political circumstances still having the big hand in controlling the market between extremes.
Tools used in analysis are BB indicator, ZigZag ++, Fib pattern, and EMA10 indicator.
For safe trading the entry point to be after existing the 61.8% level @ price greater than $94.66 or inside the supporting zone (in case of strong down trend) @ $93.xx.
Political circumstances still having the big hand in controlling the market between extremes.
Tools used in analysis are BB indicator, ZigZag ++, Fib pattern, and EMA10 indicator.