Weekly updates
FSR 7.27
We started the week 7.08 and dropped to make a low of 6.60. We mentioned last week we could drop and come back fast above 7 for a weekly close, This is positive.
What we expect next week!!
I have used the monthly chart this time since the year is over, just to show you how FSR was moving in a similar pattern the full year. From JAN22 till Dec 22 we have 4/5 months hitting lows. In the the last three months 6.50 zone was acting as a strong support and bulls were active to protect it. As we also noticed DEC month was the least ATR and that means we are trapped in a very small range now to explore soon.
The first indication of this break-out would be closing the Month of JAN 23 above $8 (bear camp) that will lead us to 9.80 to double digits in coming months.
In weekly view we are going to test 7.7s next week as long as we keep 7 as our support.
happy new year !!
FSR 7.27
We started the week 7.08 and dropped to make a low of 6.60. We mentioned last week we could drop and come back fast above 7 for a weekly close, This is positive.
What we expect next week!!
I have used the monthly chart this time since the year is over, just to show you how FSR was moving in a similar pattern the full year. From JAN22 till Dec 22 we have 4/5 months hitting lows. In the the last three months 6.50 zone was acting as a strong support and bulls were active to protect it. As we also noticed DEC month was the least ATR and that means we are trapped in a very small range now to explore soon.
The first indication of this break-out would be closing the Month of JAN 23 above $8 (bear camp) that will lead us to 9.80 to double digits in coming months.
In weekly view we are going to test 7.7s next week as long as we keep 7 as our support.
happy new year !!