has been supported at 4300 multiple times but the larger downtrend is coming to closure and it will either finally break through the support at 4300 or it will bounce again and turn bullish
through exhaustion of the bears. Currently OBV is down trending while CCI
is riding close to 100, which doesn't signal a bullish
conclusion. I expect that if CCI
breaks strongly upward and OBV changes to bullish
volumes that we could see a strong move back towards testing 4600 level. If OBV And CCI
instead trend downward, I expect that this downward pressure will attempt to break 4300 support.