Hello everyone, In yesterday's trading, the index price took advantage of repeated positive pressures to jump above the stable barrier at 4422, thus recording significant gains by rushing towards 4515 , thus achieving the previously suggested goals.
The price is currently still under the positive influence of the Stochastic indicator positioning within the overbought level, which invites us to wait for it to record additional gains that may extend towards 4529 , which in turn constitutes an extension of historical resistance to monitor the price’s behavior with the aim of confirming the expected direction for the upcoming trading.
Pivot Price: 4495
Resistance prices: 4529 & 4558 & 4586
Support prices: 4461 & 4444 & 4405
The general trend expected for today: bullish
The price is currently still under the positive influence of the Stochastic indicator positioning within the overbought level, which invites us to wait for it to record additional gains that may extend towards 4529 , which in turn constitutes an extension of historical resistance to monitor the price’s behavior with the aim of confirming the expected direction for the upcoming trading.
Pivot Price: 4495
Resistance prices: 4529 & 4558 & 4586
Support prices: 4461 & 4444 & 4405
The general trend expected for today: bullish
