The price of the index continued to provide slow sideways trades, due to its continued lack of negative momentum, repeating its fluctuation near 101.25. At the same time, the stability of the resistance of the main descending channel extending towards 102.00 calls us to wait for the price to collect additional negative momentum, to facilitate the task of renewing pressure at the level of 100.85, which in turn has always constituted an obstacle to attempts to resume Negative attack during the recent period.
We remind you that the price’s success in breaking 100.65 and holding below it, will confirm the negative continuity, which may initially target 100.00, reaching the next main target, which is stable at 99.35.
The expected trading range for today is between 101.60 and 100.65.