The index price ended trading on Friday by forming a strong upward rally, surpassing the stable barrier at 15400. We noticed that it recorded some additional gains by reaching around 15533.
We note that the continued price fluctuation above the 15533 level, which currently represents an extension of additional support, and the attempt to provide the Stochastic indicator of positive momentum by sneaking towards the overbought level, these factors call us to prefer more upward attempts to wait for the soon arrival towards 15738 and 15931, respectively.
Pivot Price: 15533
Resistance prices: 15738 & 15931 & 16128
Support prices: 15360 & 15188 & 14983
The general trend expected for today: bullish
We note that the continued price fluctuation above the 15533 level, which currently represents an extension of additional support, and the attempt to provide the Stochastic indicator of positive momentum by sneaking towards the overbought level, these factors call us to prefer more upward attempts to wait for the soon arrival towards 15738 and 15931, respectively.
Pivot Price: 15533
Resistance prices: 15738 & 15931 & 16128
Support prices: 15360 & 15188 & 14983
The general trend expected for today: bullish
