Long positions above 29200 with targets at 31200 & 32300 in extension.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | None |
Pivot: 29200
Our preference: long positions above 29200 with targets at 31200 & 32300 in extension.
Alternative scenario: below 29200 look for further downside with 28280 & 27500 as targets.
Comment: the RSI lacks downward momentum.
Supports and resistances:
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