MONTHLY PIVOT ALERT: Resistance level of 98.6433 was broken today. When the monthly pivot point is broken - we can look for a possible rise to the monthly R1 ( resistance level 1).The [R3] or the most extreme high trading range is 101.1900.
The [R2] or the extreme high trading range is 100.4900.
The [R1] or the high trading range is 99.6800.
The [P] or pivot point is 98.9800.
The [S1] or the low trading range is 98.1700.
The [S2] or the extreme low trading range is 97.4700.
The [S3] or the most extreme low trading range is 96.6600.
Wave 3 could rise up to 104.2900 or to 107.2654. The resistance level of 98.8341 was broken when prices closed above the bottom pitchfork line. The market has moved back into the trading channel. NOTE: The width of the Bollinger Bands has started to narrow which indicates that prices are beginning to consolidate.
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