04.08.2016 - Quotes of UPS can resume the fall after the rebound

Price of United Parcel Service rebounded from the support level at 107.25 and may soon reach the angled line of resistance and its overcoming will become the basis for further growth of quotations to 112.00. According to our estimates, if the price fixates below the level of 107.25, the decline will continue to 103.70 and 100.00. Our medium-term outlook remains positive, but in the near future, prices may continue to decline.

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