The index price recently formed some negative trades during which it stabilized below the support of the ascending secondary channel centered near 105.70. We can notice from the attached drawing that it began to form a downward creep, thus settling near 105.35.
We would like to note that the combination of the main indicators currently presenting negative momentum may increase the chances of the price breaking the stable support at 105.10, forcing it to incur more losses by being attracted towards 104.70 and 104.40, respectively.
We would like to note that the combination of the main indicators currently presenting negative momentum may increase the chances of the price breaking the stable support at 105.10, forcing it to incur more losses by being attracted towards 104.70 and 104.40, respectively.