The market managed to hit the second target around the 62.60 resistance.
As we see over the previous chart, the market facing the chance for a trading zone between support 60.00-20 and resistance 62.60.
Above 62.60 more advance will be expected towards the 66.00-20 zone.
Below 60.00 more of a drop toward 58.00 could hit the market.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 60.00-20 | 62.60 |
| LEVEL2 | 58.00 | 64.35 |
| LEVEL3 | 56.00 | 66.00-20 |
It’s interesting to see how the 60.00-20 zone is acting as a strong support level. If the price breaks below that, we could see a deeper pullback toward 58.00, but if it holds, the move up to 66.00 seems plausible.