1. Pricing fluctuations are acting normally between bears and bulls tendencies. The day started with a bearish tendency for selling and now it the bulls are collecting their power to upgrade the price to at least the morning level.
2. Most of bulls will keep their stocks on hands and will decide an action in later time of the day after knowing the US administration penalties on Russia.
3. The Fib extension diagram shows the price will raise up due to bulls by moving up from the LH level to the next up level. Now it is testing the 0.5 level @ $92.1x before raising up to the 0.618 level @ $92.5x. Later bulls will decide if they will start pushing the prices up (green candle) or will convert to the bearish manner by selling (red candle) at this level. The later buy or selling decisions depends on the condition in point (2). The expected raising may reaches the $93.xx level and continue closing @ $94.5x level.
4. The below basic diagram shows the price is on the way to the $93.xx at the resistant zone and RSI indicator showing it leaving the overselling zone to reach the 66.00 level.
2. Most of bulls will keep their stocks on hands and will decide an action in later time of the day after knowing the US administration penalties on Russia.
3. The Fib extension diagram shows the price will raise up due to bulls by moving up from the LH level to the next up level. Now it is testing the 0.5 level @ $92.1x before raising up to the 0.618 level @ $92.5x. Later bulls will decide if they will start pushing the prices up (green candle) or will convert to the bearish manner by selling (red candle) at this level. The later buy or selling decisions depends on the condition in point (2). The expected raising may reaches the $93.xx level and continue closing @ $94.5x level.
4. The below basic diagram shows the price is on the way to the $93.xx at the resistant zone and RSI indicator showing it leaving the overselling zone to reach the 66.00 level.
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