to 104.5 if break under 108.5, but unless this happens our next secure tp is 108. Could have a good entry around 110.5-111.5 with tight stop loss, Would aim for a sell entry in these zone at sight of weak demand. Red zones are the zone we focus on.


On the longer term, if it does break under 108.5 on heavy maintained supply, our next target being 105.

And as a more secure outcomes that it would show a good entry at 112 if showing light demand.
Monthly
When testing 111. showed demand effort for the last 5 months but failed to break to the upside, and this current month is showing demand absorption.
Weekly

Daily
Showed some buying interest underweighting at the touch of 110.2 in the last days. On the 13th August dropped from the 110.4 on heavy supply.