The index is trading in a bearish trend, retreating since today’s market open and currently testing the 98.00 support level, which flipped from resistance yesterday.
🔻 Bearish Scenario:
If the index breaks below 98.00 and holds, the next targets could be 97.75 followed by 97.60.
🔺 Bullish Scenario:
On the other hand, if strong buying momentum pushes the price above 98.20, a move toward 98.33 could follow, with a possible retest of 98.50.
🔻 Bearish Scenario:
If the index breaks below 98.00 and holds, the next targets could be 97.75 followed by 97.60.
🔺 Bullish Scenario:
On the other hand, if strong buying momentum pushes the price above 98.20, a move toward 98.33 could follow, with a possible retest of 98.50.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.