TREND - NEGATIVE Previous high must be taken out and sustained
PRESENT ZONE-Taken support at montly demand zone
FORECAST-if Powel statement today is positive it may reverse and gain upto 80 or may fall to 72.5
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TREND NEGATIVE
taking support at Monthly D zone. 77.64 again is Monthly Sell zone and coincides with Pre High zone
so after grinding may target above SUPPLY ZONE 1 at 80 as 2.2 $ gap is there
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Unable to cross previous high. encountering Monthly,weekly selling zone at 77.64. But support taken at 75 Grinding only expected.depending upon todays US inflation data either it may break above or below