The resistance is recognized as the 50% projection stage of a downward wave c from RM2,059. This barrier brought on a correction, which could be seemed as a pullback toward a falling trendline.
However, this correction can also imply a reversal of the short uptrend from the July 10 low of RM1,916. Signals becomes clearer while the settlement leaves the range of RM1,966-1,984.Advertisement
A spoil underneath RM1,966 can also purpose a fall to RM1,944, at the same time as a smash above RM1,984 could lead to a advantage into various RM2,001-2,023.
Bazaarinformation team has many years of experience, covering the physical and future commodities markets with prominent commodity & equity trading advising which shines further with extensive network to get research from ground levels to generate proper reporting and movements. We are able to get evens out of odds in volatile markets and stockings. ...
