Technical analysis - Page 292

• Copper broke resistance area • Likely to rise to 370.00 Copper previously broke the resistance area lying at the intersection of the resistance level 350.00 (which previously formed narrow congestion zone) and the resistance trendline of the daily up channel.

• Halliburton rising inside accelerated impulse wave C • Likely to reach resistance level 22.00 Halliburton continues to rise inside the accelerated upward impulse wave C – which belongs to the medium-term upward wave (B) from March. The price earlier broke the.

• Sugar reversed from pivotal support level 14.40 • Likely to rise to 15.50 Sugar recently reversed up from the pivotal support level 14.40 (former resistance level from the start of October which has been reversing the price for the.

• EURCAD falling inside minor wave 2 • Likely to fall to 1.5400 EURCAD continues to fall inside the short-term correction 2 which started earlier with the daily Shooting Star from the key resistance level 1.5660 (top of the daily.

• EURNZD reversed from resistance level 1.7230 • Likely to fall to 1.7000 EURNZD continues to fall inside the minor corrective wave (ii) which started earlier from the resistance level 1.7230, intersecting with the upper daily Bollinger Band and the.

• AUDCHF broke support area • Likely to fall to 0.6500 AUDCHF recently broke the support area lying between the support level 0.6600 (former resistance from October and the low of the previous daily Morning Star from the start of.

• Soy broke support level 1160.00 • Likely to fall to 1120.00 Soy continues to decline after the price broke below the support level 1160.00 (which was set as the likely downward target in our earlier forecast for this instrument)..

• EURCHF broke support area • Likely to fall to 1.0750 EURCHF continues to fall after the pair broke the support area lying between the support level 1.0785 (which has been reversing the price from the middle of November) and.

• General Electric broke resistance level 10.80 • Likely to rise to 12.00 General Electric continues to rise after the price broke the resistance level 10.80 (which stopped the previous sharp upward impulse wave (i) at the end of November)..

• Abercrombie & Fitch reversed from support level 20.00 • Likely to rise to 23.55 Abercrombie & Fitch recently reversed up from the support area lying between the round support level 20.00, 50% Fibonacci correction of the upward impulse from.

• Natural gas broke support level 2.515 • Likely to fall to 2.354 Natural gas continues to fall inside the sharp downward impulse wave (C) – which previously broke the key support level 2.515 (which stopped the (A)-wave in the.

• GBPUSD reversed from powerful resistance level 1.3480 • Likely to fall to 1.3200 GBPUSD fell sharply today after the price reversed down from the powerful resistance level 1.3480 (which stopped the two previous uptrends – in December of 2019 and.