Currently price is trading at 128.11 while writing, following the down trend and hovering in the wedges . It seems chances of reversal but no conformed signals can be seen. If the price breaks the resistance level of 132.11, then it may come in up trend and then its next resistance level of 136.48 will be its first target.
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Rishikesh Lilawat
Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.