SUPPORT BECAME RESISTENCE(SBR) & NEW SUPPORT TARGETED
Meet my expectation of movement tested the support, break out went to Low BB, and now the Low BB line open little more to downtrend.
And starting today if the US DXY currency continues to strengthen the Rubber Price will continue target to the next D1 Fresh Strong Support. If the US Currency at sideways it will also reflect the Rubber price to fluctuate sideway movement around 130-128, testing the new support. Until there is a SIGN or GUIDANCE whether to break out the support or again break out the resistance.
Strong Movement is expected will be tomorrow on Results of the Philly FED Manufacturing Index, Unemployment Claims & Existing Home Sales, it will move the US Currency at & the same time affect the TSR Price also.
And starting today if the US DXY currency continues to strengthen the Rubber Price will continue target to the next D1 Fresh Strong Support. If the US Currency at sideways it will also reflect the Rubber price to fluctuate sideway movement around 130-128, testing the new support. Until there is a SIGN or GUIDANCE whether to break out the support or again break out the resistance.
Strong Movement is expected will be tomorrow on Results of the Philly FED Manufacturing Index, Unemployment Claims & Existing Home Sales, it will move the US Currency at & the same time affect the TSR Price also.