The big headlines remain the huge dividend transfer from the Central Bank. It did happen in the year 2019 just five years ago, both election years that is the only similarity.
The huge drop and then subsequent move higher in the last one hour continue to baffle the market players and huge source of worry, as these kinds of Gyrations have become too common these days.
From the technical standpoint of view, holding the 47500 and jump towards the 48000 adds lots of strength, increasing higher lows of the oscillator also is a point. The inverted hammer in the shorter frames add some more strength.
The issue is slightly higher frames are just in neutral territory. That sense a close above 48500 opens much more strength than otherwise. Else we are in 47500-48500 territory, tad going in the favour of bulls.
Supports 47700-47630-47530
Supply 48100-48250-48380
The huge drop and then subsequent move higher in the last one hour continue to baffle the market players and huge source of worry, as these kinds of Gyrations have become too common these days.
From the technical standpoint of view, holding the 47500 and jump towards the 48000 adds lots of strength, increasing higher lows of the oscillator also is a point. The inverted hammer in the shorter frames add some more strength.
The issue is slightly higher frames are just in neutral territory. That sense a close above 48500 opens much more strength than otherwise. Else we are in 47500-48500 territory, tad going in the favour of bulls.
Supports 47700-47630-47530
Supply 48100-48250-48380
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