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W1 price is on bearish market condition with ranging with the following key levels:
- 69.57 key resistance level located inside Ichimoku cloud in the bullish area of the chart; if the price breaks this level from below to above so we may see the reversal of the price movement to the primary bullish market condition with secondary ranging.
- 42.18 key support level located below Ichimoku cloud for the primary bearish condition to be continuing if broken.
Chinkou Span line broke the price to below for good possible breakdown in the near future.
If W1 price will break 42.18
support level - the primary bearish trend will be continuing.
If W1 price will break 69.57 resistance level so the price will be reversed to the primary bullish market condition with secondary ranging.
If not so the price will be ranging between the levels.
Trend:
