Hello everyone, Despite the weakness of recent trading in the index price and its fluctuation near 35050, its positioning within the axes of the ascending secondary channel shown in the attached drawing and the stability of the support represented by the level of 34728 confirms the positive continuity for the upcoming trading.
Currently, with the Stochastic indicator presenting positive momentum as it rushes towards the 80 levels, the price will be able to overcome the stable barrier at 35050, opening the door to reaching additional stations, which may start from 35245 and reach about 35442 in the medium-term trading.
Pivot Price: 35050
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today is bullish
Currently, with the Stochastic indicator presenting positive momentum as it rushes towards the 80 levels, the price will be able to overcome the stable barrier at 35050, opening the door to reaching additional stations, which may start from 35245 and reach about 35442 in the medium-term trading.
Pivot Price: 35050
Resistance prices: 35254 & 35442 & 35699
Support prices: 34728 & 34469 & 34084
The general trend expected for today is bullish
